Dow Jones Industrial Average Headed Lower in Last 2015 Session

Billionaire Scoops Up Battered Biotech

by Kirra Fedyszyn

Published on Dec 31, 2015 at 12:16 PM

The Dow Jones Industrial Average (DJIA) is in the red today, and on track to finish 2015 with a yearly deficit of roughly 1.5%, even as oil regains some ground. It will mark the Dow's first year-over-year drop since 2008. Meanwhile, the S&P 500 Index (SPX) is on pace for its first annual loss since 2011, just a hair's breadth below its year-to-date breakeven level. Exacerbating selling pressure, the Chicago purchasing managers index (PMI) fell to its lowest level in more than six years, while weekly jobless claims increased by the biggest margin since February.

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


Among stocks with unusual option volume today is The Coca-Cola Co (NYSE:KO), where puts are trading at five times the average intraday pace. In fact, today's put/call volume ratio on the stock -- which is trading 1.1% lower at $43.11 -- is at 3.98, in the 98th percentile for the past year. January 2016 42-strike puts are dominant, accounting for more than half of today's total put activity. 

Amira Nature Foods Ltd (NYSE:ANFI) is among the top performers on the Big Board today, surging 12.7% to trade at $9.92, after securing a $92 million contract. The stock has been on the mend since hitting a record low of $2.51 in August, but is poised for an annual loss of 33.3%. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), nearly 10 calls have been bought to open for each put over the last 10 trading days -- a ratio higher than about three-quarters of comparable readings in the past year. 


Among the bottom performers so far today is Microsoft Corporation (NASDAQ:MSFT) down 1.3% at $55.57. The stock hit a near 15-year high of $56.85 on Tuesday, but is pulling back with the broader market today. Meanwhile, the company announced that it will begin warning email users when it believes the government may be hacking their accounts.
The CBOE Volatility Index (VIX) is up 1 point, or 5.8%, at 18.30

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.77, with puts significantly outnumbering calls. SPY was last seen down 1.2 points, or 0.6%, at $204.70.

A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!



NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories

Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....