Dow Jones Industrial Average Brushes Off Schaeuble Shoot-Down

The Dow Jones Industrial Average (INDEXDJX:DJI) was up more than 100 points -- and on pace to erase Monday's losses -- but has since pared these gains to 60 points, or 0.3%. Although reports earlier indicated German Finance Minister Wolfgang Schaeuble shot down rumors of an extension to Greece's bailout program, hope is still high ahead of tomorrow's emergency meeting of finance ministers that a deal will be met. Also helping to boost the Dow is a well-received earnings report from blue-chip component The Coca-Cola Co (NYSE:KO), which was last seen up 2.6%. Elsewhere on the Street, crude is on pace to snap its recent winning streak, after the International Energy Agency (IEA) suggested that rising stock prices could pressure oil in the near term.

Continue reading for more on today's market -- and don't miss:

• A newly launched service for this social media giant has the shares trading higher -- and options traders calling for more upside through week's end.
• Schaeffer's contributor Adam Warner highlights the new trading vehicle to hit Chinese markets.
• Plus ... Checking in on the CBOE Volatility Index (VIX), the SPDR S&P 500 ETF Trust (SPY), and other noteworthy stats at midday.

Among the stocks with notable call volume is game maker King Digital Entertainment PLC (NYSE:KING), where the contracts are trading at 19 times what's typically seen at this point in the day. The stock is up 1% at $13.68, after Cowen said it expects the company to match or beat analysts' fourth-quarter estimates when it steps up to the earnings stage after Thursday's close -- and it appears one speculator is taking this outlook to heart. Specifically, it seems as if she rolled her February 13.54 call up to the 15.54 strike, as she bets on more upside for the shares through next Friday's close, when front-month options expire.

For more midday statistics and stocks on the move, head to page 2.

It's a tough day for online coupon firms, and Coupons.Com Inc (NYSE:COUP) is no exception. The stock is the leading laggard on the Big Board today, following a dismal fourth-quarter earnings report, uninspiring forecast, and subsequent round of bearish brokerage attention. At last check, the stock was off 26.9% at $10.61, after earlier bottoming at a new record low of $9.24. Today's bear gap is likely pleasing short sellers, considering a healthy 10.9% of the stock's float is sold short.

Cloud issue Qualys Inc (NASDAQ:QLYS) is one of the biggest gainers on the Nasdaq. The stock has rallied 17% to trade at $47.79 -- tagging an all-time peak of $48 along the way -- following a better-than-expected earnings report and upbeat outlook. What's more, no fewer than five brokerage firms weighed in on QLYS, including Sterne Agee, which boosted its price target to $46, while underscoring its "neutral" rating. Year-over-year, shares of QLYS have jumped roughly 65%.

The CBOE Volatility Index (VIX) is down 0.9 point, or 5.1%, at 17.61, but appears to have found a foothold atop its 50-day moving average.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.69, with puts outpacing calls. At last check, SPY is up 1.1 points, or 0.5%, at $205.72.