Dow Jones Industrial Average Pushes Higher on Intel, UnitedHealth

How To Win the Options Game

Apr 20, 2016 at 12:01 PM
facebook twitter linkedin

It's been a push-and-pull session for the Dow Jones Industrial Average (DJIA), as stocks react to the latest batch of blue-chip earnings and wavering oil prices. However, with Intel Corporation (NASDAQ:INTC) swinging to the upside, UnitedHealth Group Inc (NYSE:UNH) surging on its Obamacare announcement, and May-dated crude futures up 1.1% at $41.51 per barrel on a smaller-than-expected rise in domestic inventories, the Dow was last seen taking aim at a fresh multi-month high. Elsewhere, existing home sales rebounded last month, rising 5.1% to an annual rate of 5.33 million units.

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

Midday Market Stats April 20 

Among the stocks with unusual put volume is Lexmark International Inc (NYSE:LXK), with the contracts crossing at 53 times the average intraday pace. Shares of the printing specialist have jumped 9.9% to $38.08 on news of a $3.6 billion buyout, but it looks as if options traders are purchasing new positions at LXK's May 36 put.

One of the biggest gainers on the New York Stock Exchange (NYSE) is VMware, Inc. (NYSE:VMW), with the shares up 12.6% at $57.94 -- and north of their 30-week moving average for the first time since last August. Helping boost the stock is the IT issue's solid quarterly revenue and share repurchase program, which was met with a round of applause from the brokerage bunch.

 VMW weekly chart April 20

Alere Inc (NYSE:ALR) is one of the biggest losers on the NYSE, down 14.1% at $42.50. It looks as if ALR is tumbling after Abbott Laboratories' (NYSE:ABT) CEO Miles White refused to comment on its $5.8 billion buyout of ALR, after the diagnostic firm delayed filing its annual report.

CBOE Volatility Index (VIX) is down 0.5 point, or 4.1%, at 12.70.

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.73, with puts outpacing calls. SPY was last seen up 0.4 point, or 0.2.%, at $210.30. 

Find out where the Dow lands right after the closing bell. Sign up now for Schaeffer's Market Recap

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