Dow Futures Hover After Greek Bailout Breakdown

Bailout talks between Greece and eurozone finance ministers were halted on Monday

Feb 17, 2015 at 8:30 AM
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The Dow Jones Industrial Average (INDEXDJX:DJI) is sticking close to the flatline this morning, as traders digest the latest developments in the Greek bailout saga. Specifically, negotiations between the fiscally strapped country and eurozone finance ministers were halted on Monday after Greece's government declined a six-month extension to the current bailout program. A new meeting is expected to be scheduled for Friday.

Back on the homefront, traders will return from the long holiday weekend to updates on regional manufacturing and housing. Additionally, Philadelphia Fed President Charles Plosser is scheduled to speak at 12:45 p.m. ET.

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 about 3 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.3 million call contracts traded on Friday, compared to 739,576 put contracts. The resultant single-session equity put/call ratio edged up to 0.56, while the 21-day moving average remained at 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is down 0.3% at 93.96.
  • Crude oil is poised to add to last week's gains, up 0.1% at $53.70 per barrel.
  • Gold, meanwhile, is 0.5% lower at $1,220.70 per ounce.
Currencies and commodities

Earnings and Economic Data

Today's docket includes the Empire State manufacturing survey, Treasury International Capital (TIC) data, and the National Association of Home Builders' (NAHB) housing market index. Agilent (A), Agios Pharmaceuticals (AGIO), CF Industries (CF), Devon Energy (DVN), Fossil (FOSL), Goodyear Tire (GT), Jack in the Box (JACK), La-Z-Boy (LZB), Medtronic (MDT), MGM Resorts (MGM), Momenta Pharmaceuticals (MNTA), Rackspace (RAX), Walter Energy (WLT), Waste Management (WM), and Wolverine Worldwide (WWW) will step into the earnings spotlight. To see what's coming up on this week's agenda, click here.

Overseas Trading

Minus cues from Wall Street and amid a low-volume session, Asian markets settled mostly higher today. In China, the Shanghai Composite tacked on 0.8%, thanks to a rally in property stocks, while Hong Kong's Hang Seng and South Korea's Kospi each added 0.2%. Elsewhere, Japan's Nikkei shed 0.1%, due to a strengthening yen.

Most European benchmarks are in the green at midday, boosted by strength in the resources sector. On the data front, U.K.'s consumer price index hit its lowest level on record, pulling the country closer to deflation, while economic sentiment in Germany edged higher in January. At last check, London's FTSE 100 is up 0.3%, the French CAC 40 is 0.2% higher, while the German DAX is off 0.1%.

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

 

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