Dow Jones Industrial Average Pushes Higher on Intel, UnitedHealth

How To Win the Options Game

by Karee Venema

Published on Apr 20, 2016 at 12:01 PM
Updated on Apr 20, 2016 at 12:04 PM

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.

The 
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

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


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


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
SHOP Stock Fails to Shake Off Downgrade
Raymond James downgraded Shopify to "market perform" from "outperform"
AutoZone Offers Emergency Time Off for Employees
AZO puts have been popular
The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.