Dow Jones Industrial Average Tries for a Second Straight Win

3 Big Earnings Misses; Plus, Why Bears Are Flooding Tesla

Feb 25, 2016 at 12:20 PM
facebook twitter linkedin


The Dow Jones Industrial Average (DJIA) has turned higher at midday, with help from a big rebound in durable goods orders and dovish comments from both St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart. Stocks are attempting to shrug off a steep sell-off in China and declining oil prices; April-dated crude futures have plunged 1.6% to $31.65 per barrel, as speculators fret over a global crude supply glut. At last check, the Dow was in the green -- trying to make it two in a row.

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

160225mmc

Among the stocks with unusual put volume is Transocean LTD (NYSE:RIG), with the contracts crossing at seven times the average intraday pace. The oil-and-gas issue is extending yesterday's sharp decline -- down 4.2% at $7.85 -- after reporting earnings. It looks like some speculators are betting on the $7 level to hold as short-term support, though, with sell-to-open activity detected at RIG's March 7 put.

Alternative energy concern Sunedison Inc (NYSE:SUNE) is one of the biggest advancers on the New York Stock Exchange (NYSE), up 32% at $1.67, following news Vivint Solar Inc (NYSE:VSLR) shareholders have approved SUNE's takeover of the company. Despite today's surge, shares of SUNE are still lingering in 14-year low territory, down 93% year-over-year.

160225SUNE

Financial information provider Bankrate Inc (NYSE:RATE) is one of the biggest losers on the NYSE today, down 47% at $6.78, after the company's fourth-quarter results fell short of analysts' estimates. Earlier, the stock fell to a record low of $6.59, and has lost nearly half its value year-to-date.

The CBOE Volatility Index (VIX) is down 0.3 point, or 1.2%, at 20.47.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.77, with puts nearly doubling calls. SPY is up 0.2% at $193.45.
 

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