Nasdaq, S&P 500 Score Record Highs as Dow Lags Behind

Wall Street's "fear gauge" is in a slump

Deputy Editor
Jul 13, 2021 at 11:57 AM
facebook X logo linkedin

The Dow Jones Industrial Average (DJI) is down 50 points midday, as Wall Street weighs a promising start to earnings season with the release of some rather hot inflation data. The S&P 500 Index (SPX) is muted, yet eked out another record high, while the Nasdaq Composite (IXIC) scored a record peak of its own earlier in the morning. Elsewhere, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is pacing for its fourth loss in five days.

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

  • This soda giant is a big post-earnings winner today.
  • Options bulls are piling on JPMorgan Chase stock.
  • Plus, Nokia options pop on beat-and-raise; OSAT soars after Alibaba deal; and Mediaco stock plummets from record highs.

Midday Market Stats July 13

One stock seeing a surge in options activity today is Nokia Oyj (NYSE:NOK), up 8.6% at $5.84 at last check, after the  tech company announced plans to raise its full-year guidance after a strong quarter. So far, 145,000 calls and 17,000 puts have crossed the tape, volume that's six times the intraday average. Most popular is the July 6 call, followed by the 5.50 call in the same series. NOK is a ways off it Jan. 27, 10-year high of $9.79, but remains up 48.7% in 2021.

NOK Chart July 13

At the top of the Nasdaq today is Orbsat Corp (NASDAQ:OSAT), last seen up 73.2% at $11.56, after the company's Global Telesat Communications (GTC) agreed to be a Gold Supplier on Alibaba's (BABA) business-to-business e-commerce site  Orbsat stock almost toppled the $15 level in response to the news, which is territory the security has failed to trade above since May. Already this quarter, OSAT has tacked on nearly 140%, ad today's positive price action represents the stock's biggest single-day percentage gain in at least two years.

Meanwhile, at the bottom of the Nasdaq is Mediaco Holding Inc (NASDAQ:MDIA)down 35.9% to trade at $10.90 this afternoon. Though a catalyst for this negative price action was not immediately clear, the dip comes one day after the security soared a staggering 311.6% to a record high $17.40. Year-to-date, MDIA is up 318.4%.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI