Wild Market Stats: 'Rule 48,' Treasury Yields, Losing Streaks

The market has been a little nuts over the past week, as evidenced by these stats

Aug 24, 2015 at 3:21 PM
facebook twitter linkedin


Unless you've been hiding under a rock, the market has been a little nuts over the past week. After wrapping up their worst week since 2011, the Dow Jones Industrial Average (DJIA) and its major index peers plummeted out of the gate, with the blue-chip barometer dropping more than 1,000 points (and hitting a new annual low) at its intraday bottom.  That said, here are some interesting market stats:

  • The Nasdaq Composite (COMP) initially fell below 4,300 for the first time since October. If the COMP surrenders triple-digits again today, it'll be a third straight session.
  • Most major indexes are in "correction" territory -- usually measured by 10% off a recent high.
  • After more than doubling last week -- the biggest weekly percentage gain of the modern era -- the CBOE Volatility Index (VIX) skyrocketed to territory not charted since early 2009, reflecting widespread fear. "Early action in SPX options, which are used to calculate VIX, was so chaotic that quotes were either zero or so wide that they were unusable in the calculation," reported Trade-Alert's Henry Schwartz.

  • The Options Clearing Corporation's (OCC) all-exchange, all-equity put/call volume ratio hit 1.44 on Friday, marking the largest daily reading ever (going back to 2009), per Schaeffer's Quantitative Analyst Chris Prybal (see chart below).

150824OCC

 

 

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