Dow Jones Industrial Average Futures Rebound

Why Now Is the Time to Buy Options

Jun 25, 2015 at 8:41 AM
facebook twitter linkedin


The Dow Jones Industrial Average (DJIA) appears ready to pare a portion of Wednesday's steep losses, as traders seemingly brush off the still-unresolved debt drama overseas. Specifically, the Greek government and leaders of the European Commission reportedly submitted two separate proposals to Eurogroup finance ministers, ahead of today's two-day European Union summit. According to Austrian Finance Minister Hans Joerg Schelling, if the plans don't meet with approval from officials, "then we will have to start thinking about alternatives."

Meanwhile, there will be plenty for traders to digest stateside, as well. On the economic front, weekly jobless claims and updates on personal income and spending follow yesterday's final reading on first-quarter gross domestic product (GDP). Elsewhere, speeches from a pair of Fed officials could create some chatter, as Wall Street looks for clues for a September rate hike.

 

Continue reading for more on today's market, including:

 

And now, on to the numbers…

 

150625ov1

Futures on the Dow Jones Industrial Average (DJIA) are nearly 85 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 817,929 call contracts traded on Wednesday, compared to 422,248 put contracts. The resultant single-session equity put/call ratio plunged to 0.52, while the 21-day moving average stayed at 0.60.

 150625ov2


150624ov3

 Currencies and Commodities
 
  • The U.S. dollar index is down 0.04% at 95.23.
  • Crude oil is 0.3% lower at $60.07 per barrel.
  • Gold is flat at $1,172.90 per ounce.

 

150625ov4

 

Earnings and Economic Data

 

Weekly jobless claims, as well as personal income and spending data, will be in focus today. Dow component Nike (NYSE:NKE), Accenture (NYSE:ACN), Barnes & Noble (NYSE:BKS), and Micron Technology (NYSE:MU) will report earnings. To see what's on tomorrow's agenda, click here.

 

Overseas Trading

 

For a breakdown of today's trading in Asia and Europe, including China's latest attempt to boost lending, read Overseas Trading: Volatile Session in China Ends With Sharp Losses.

 

Unusual Put and Call Activity

150625ov5

150625ov6

 

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! 

 

300x250 - Banner 3 - v1