Oil prices, inflation fears, and dismal jobs data have all plagued investors in March
Stocks continued to sell off this afternoon, with the Dow Jones Industrial Average (DJI) off 576 points, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) also sport notable drops. President Donald Trump said the only deal he will make with Iran is "unconditional surrender," as front-month oil prices surge to $89. A wider-than-expected drop in payrolls data and an unemployment reading of 4.4% have triggered a lift in the 10-year Treasury yield, last seen at 4.1%. All three major indexes are on track for steep weekly losses.
DHT Holdings Inc (NYSE:DHT) is seeing an influx of attention in the options pits, the oil and gas transportation name headed for its fourth-straight drop as American tankers reel from geopolitical uncertainty. DHT has shed 8.2% already this week but remains up 46% in 2026. Over 51,000 calls have been traded this afternoon, seven times the average intraday volume and 85 times the number of puts. Most popular is the May 23 call, where new positions are being sold to open.
CF Industries Holdings Inc (NYSE:CF) stock is one of the top performers on the New York Stock Exchange (NYSE) today, up 7.8% at $119.66 at last check, earlier tapping a record high of $120.49. The equity is riding the recent increased demand of fertilizer and nitrogen, now up 54% in 2026.
Medical device maker Owlet Inc (NYSE:OWLT) is one of the worst stocks on the NYSE today, last seen down 31.4% to trade at $8.05, plunging after posting a first-quarter revenue outlook that missed expectations. This is overshadowing the company's narrower-than-expected Q4 loss and revenue beat. OWLT is eyeing its worst daily drop since June 2022 and has fallen well past its year-to-date breakeven mark. The formerly supportive $7.50 level looks to have moved in as support.
