BUY, SELL, HOLD (2)

Dow Holds Gains Despite Durable Goods Disappointment

There's unusual options trading on Chinese auto stock Nio

May 24, 2019 at 12:10 PM
facebook X logo linkedin


The Dow Jones Industrial Average (DJI) is off its early highs, sporting a modest lead at midday. Traders are staying focused on President Donald Trump's China comments from yesterday, brushing off a disappointing durable goods update for April. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are trading above breakeven as they barrel toward a third straight weekly loss, while the Dow is heading for its fifth down week in a row.

Continue reading for more on today's market, including: 

midday market stats may 24

There's unusual interest in Chinese auto stock Nio Inc (NYSE:NIO), as the company prepares to report earnings next Tuesday morning, May 28. A number of large trades have crossed on both the put and call sides, with the June 3.50 put most popular overall. Meanwhile, bulls appear to be targeting the weekly 5/31 3.50-strike call. NIO shares were last seen trading down 1.7% at $3.86, coming off yesterday's all-time low of $3.83.

One stock on the rise today is Pinterest Inc (NYSE:PINS), trading 5.5% higher at $25.10. The Wall Street newcomer is trying to break a five-day losing streak, coming off its lowest close ever yesterday. In the meantime, new positions are opening at the weekly 6/7 27-strike call.

pinterest stock price may 24

Just adding to retail's bad week, Foot Locker, Inc. (NYSE:FL) is one of the worst stocks today after earnings, down 16.9% at $43.93, and earlier hitting a 52-week low of $43.04. This puts FL shares below a previous floor at the $45 area, and leaves the retailer's market cap below $5 billion for the time being.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.