Todays events: Case-Shiller 20-city Index, Consumer Confidence ..

Yesterday markets performed a huge move on a slender volume, probably, leaving major traders on the bench.   The S&P rallied 2.8%, and the Nasdaq was up by 3.3%. It may be that bulls are anxious to get long on sporadic publications of  U.S. Stocks are, "Massively Undervalued"  and "Gold Gets Bubbly."  One more reason could be that all the world’s central banks are now providing easy money putting the rising inflation worries aside. VIX cash continued to drop this time by  $3.31 to $32.28, VIX futures still  implying a volatile market, but we are starting to see a change in the curve and gradually getting its original slope.  
The "UpDown" signals are an outcome of calculated calls and puts implied volatility.  Positive numbers yielded from higher calls IV, means  traders believe that the stock will rise and are willing to pay more for the calls, the opposite goes for the puts.


  
We have scanned for stocks with extensive options trading activity(over 30K).  
  OCC stats:          
  Total Options traded:  16.6M down from 19.3M  
  Total Futures traded:  59K down from 183K
   
Open interest:		  

Total options open interest:

  338.98 up

from

 338.3M

 

 

Total Futures open interest:

 946K

 up

from  

 942K

 

 

Total open interest calls:

 175M

 up

from 

 173.5M

 

 

Total open interest Puts:

 162.8M

 down

from 

 163.5M

 

 

Put Call open interest Ratio:

 0.93

 down

from 

 0.94

  


#symbolCVolPVolPCVolPCOIivUpDownputivcalliv
1 LO 216415 8629 .04 1.8 30.26 58 .3709 .2343
2 MCD 1141386 8876 .01 1.16 20.05 50 .2403 .1607
3 VIX 162387 96470 .59 .8 99.24 39 1.1538 .831
4 HD 36861 5100 .14 1.11 32.05 26 .3579 .2831
5 GE 90081 128819 1.43 1.26 31.73 18 .3428 .2917
6 SPY 952582 1516128 1.59 2.26 29.11 15 .3113 .2709
7 EK 37378 8064 .22 .86 119.79 11 1.2592 1.1365
8 SPX 290060 626807 2.16 1.62 29.22 10 .3056 .2789
9 XLF 118552 143116 1.21 1.82 37.34 10 .3913 .3554
10 HPQ 34025 15792 .46 .65 42.62 9 .4453 .4072
11 DIA 20071 32661 1.63 1.07 26.61 6 .2734 .2587
12 FAS 48267 26134 .54 1.07 97.08 6 .9969 .9447
13 PFE 34243 23153 .68 .72 27.14 5 .2782 .2646
14 QQQ 283503 279784 .99 1.33 28.81 5 .2947 .2816
15 INTC 74720 48258 .65 .79 29.12 4 .2966 .2858
16 JPM 51422 64872 1.26 1.04 39.98 4 .4079 .3917
17 BAC 415024 308454 .74 .65 67.93 3 .6895 .6691
18 CSCO 92267 19920 .22 .77 31.47 3 .3194 .3099
19 NDX 19342 38998 2.02 1.32 25.69 -13 .2384 .2754
20 GLD 234886 162278 .69 .81 30.78 -16 .2586 .3069



Positive numbers would suggest an up signal and negative for the down signal. You also need to take under consideration that each stock has it own gauge. Sometimes options prices are distorted because the stock is before the dividend payment date.
We also recommend a further analysis, both, fundamentally and technically.



* Cvol = Call Volume.
* PVol = Put Volume.
* PCVol = Put/Call Volume.
* PCOI = Put/Call Open Interest.
* IV =  Implied Volatility index.
* UpDown = Up or down signal  -  up positive numbers.
* Putiv = Puts Implied Volatility.
* Calliv = Calls Implied Volatility.

B.