Dow Futures Push North as Alcoa Heads South

Crude is on the mend, while gold is poised to test its mettle at $1,200

Apr 9, 2015 at 8:22 AM
facebook twitter linkedin


The Dow Jones Industrial Average (DJIA) is looking to add to Wednesday's modest gains, as traders continue to mull over the minutes from the latest Federal Open Market Committee (FOMC) meeting. Also in focus today are last night's mixed earnings results from Alcoa Inc (NYSE:AA), with shares of the aluminum giant down 3% in electronic trading. Additionally, traders will digest the health of the economy, as updates on weekly jobless claims and wholesale inventories are due.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (DJIA) are more than 31 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 789,917 call contracts traded on Wednesday, compared to 474,811 put contracts. The resultant single-session equity put/call ratio edged up to 0.60, while the 21-day moving average stayed at 0.66.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.3% higher at 98.18.
  • Crude oil is on pace to recover a portion of Wednesday's steep losses, up 2.1% at $51.48 per barrel.
  • Gold is poised to surrender its perch atop $1,200, down 0.3% at $1,199.10 per ounce.
Currencies and commodities

Earnings and Economic Data

Weekly jobless claims will be released today. Constellation Brands (STZ), Ruby Tuesday (RT), and Walgreens Boots Alliance (WBA) will step into the earnings confessional. To see what else is on this week's agenda, click here.

Overseas Trading

It was a mixed finish in Asia today. In Hong Kong, the Hang Seng rallied 2.7% -- and hit a seven-year high along the way -- as Chinese investors rushed into the Shanghai-Hong Kong stock connect, and the China Securities Journal featured an article entitled "Go! Buy Hong Kong Stocks!" Japan's Nikkei also settled higher, up 0.8%. Elsewhere, China's Shanghai Composite shed 0.9%, while South Korea's Kospi closed at a fractional loss.

European benchmarks are in the green at midday, as traders digest the relatively dovish minutes from the FOMC's latest meeting. Also helping to boost investor sentiment are upbeat reports on Germany's exports and industrial production and eurozone auto sales, as well as news Greece met a loan-repayment deadline. At last check, the French CAC 40 is 1.1% higher, London's FTSE 100 is up 0.9%, and the German DAX is flirting with a 0.6% lead.

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

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners