Dow Jones Industrial Average Braces for Greek Bailout Talks

All eyes are on Brussels, as Greece's fate hangs in the balance

Feb 11, 2015 at 8:25 AM
facebook twitter linkedin

The Dow Jones Industrial Average (INDEXDJX:DJI) is bracing for a drop out of the gate, ahead of this morning's much awaited meeting of European finance ministers -- including Greece's Yanis Varoufakis, who is expected to offer new reform proposals in an attempt to gain the support of creditors. On the domestic front, while it's a relatively light session for economic data, a number of big names will head to the earnings confessional -- including blue chip Cisco Systems, Inc. (NASDAQ:CSCO) and electric automaker Tesla Motors Inc (NASDAQ:TSLA), which both report after the close.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 53 points below fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 897,029 call contracts traded on Tuesday, compared to 590,045 put contracts. The resultant single-session equity put/call ratio fell to 0.66, while the 21-day moving average remained at 0.68.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is fractionally higher at 94.78.
  • Crude oil is up 0.1% at $50.07 per barrel.
  • Meanwhile, gold has added 0.4% to trade at $1,237.10 per ounce.
Currencies and commodities

Earnings and Economic Data

The Energy Information Administration's (EIA) weekly petroleum status report and the Treasury budget come out today. CSCO, TSLA, (BIDU), AOL (AOL), Agnico-Eagle Mines (AEM), Applied Materials (AMAT), ARM Holdings (ARMH), Cheesecake Factory (CAKE), FireEye (FEYE), Lorillard (LO), MetLife (MET), Mosaic (MOS), NetApp (NTAP), NVIDIA (NVDA), Owens Corning (OC), Panera Bread (PNRA), PepsiCo (PEP), Select Comfort (SCSS), Tesoro (TSO), Time Warner (TWX), TripAdvisor (TRIP), Whole Foods (WFM), Yamana Gold (AUY), and Zulily (ZU) will report earnings. To see what else is on this week's agenda, click here.

Overseas Trading

Asian equities settled mixed, as traders digested the latest drop in oil prices and braced for today's meeting of eurozone finance ministers. China's Shanghai Composite and South Korea's Kospi each added 0.5% -- with the former helped by a vow to support economic growth from the People's Bank of China. However, Hong Kong's Hang Seng dropped 0.9%. Japan's Nikkei was shuttered for holiday.

European markets are south of the flatline around midday, as jitters rise ahead of the aforementioned gathering of finance ministers. The German DAX has dipped 0.2%, London's FTSE 100 is off 0.4%, and the French CAC 40 has given back 0.5%.

Overseas markets

Unusual Put and Call Activity:

For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations.

Unusual options activity - puts

Unusual options activity - calls


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!