Volatility Continues as Dow Jones Industrial Average Heads for Weekly Win

The Newest Name in Icahn's Arsenal; Plus, Is Fitbit Headed for New Lows?

Aug 28, 2015 at 12:08 PM
facebook X logo linkedin


For the eighth consecutive session, the Dow Jones Industrial Average (DJIA) has traded in a triple-digit range, plunging more than 100 points out of the gate. The blue-chip barometer has since pared its losses -- and even peeked above breakeven -- but remains higher on the week. 

In today's session, speculators are digesting a slight downward revision to consumer confidence figures, and a rise in personal income and spending. Additionally, a continued rally for both China's equities market and crude oil seem to have captured the Street's attention, as have comments from Fed Vice Chair Stanley Fischer, who said it's too "early to tell" if a September rate hike is "less compelling."
 

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

150828mmc

Among the stocks with notable put volume is specialty retailer Five Below Inc (NASDAQ:FIVE), with the contracts crossing the tape at 116 times the average intraday pace. The company is slated to take its turn in the earnings confessional next week, and it appears speculators are hoping it follows in the footsteps of sector peer Aeropostale Inc (NYSE:ARO) by buying to open September 37 puts. At last check, FIVE was up 1% at $37.99.

One of the biggest losers on the New York Stock Exchange (NYSE) is GameStop Corp. (NYSE:GME). The security is down 5.7% at $43.57, after the video game retailer's earnings report received mixed messages from the brokerage bunch. Nevertheless, GME remains 29% higher year-to-date.

One of the top gainers on the Big Board is Arch Coal Inc (NYSE:ACI). The stock is up 12% at $7.84 -- and thanks to a big pop in commodity stocks in recent sessions -- has more than doubled week-to-date.

150828ACI

The CBOE Volatility Index (VIX) is up 0.8 point, or 2.9%, at 26.85. Month-to-date, the market's "fear gauge" has soared 121%.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.88, with puts nearly doubling calls. SPY is up 0.3 point, or 0.2%, at $199.59.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI