Todays events:Unemployment Rate.
ISM expectations for a 48.5, the actual data showed up at 50.6. This sigh of relief manufacturing is not in a recession, by the end of the day the stock market declined in anticipation for today's Unemployment Rate.
Today sensational yet explicitly requested, US Is going to Sue the banks that were involved in the sub prime Mortgages.  VIX cash gained $0.2 to $31.82, VIX futures still  implying a volatile market, but we are starting to see a change it will most likely will come after September expiration. 
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:  14.59M up from 14.5M  
  Total Futures traded:  181K up from  132K
   
Open interest:		  

Total options open interest:

  350.8M up

from

 342.4M

 

 

Total Futures open interest:

 9994K

 up

from  

 955K

 

 

Total open interest calls:

 180M

 up

from 

 176M

 

 

Total open interest Puts:

 168M

 up

from 

 164M

 

 

Put Call open interest Ratio:

 0.93

 same

 

 0.93

  

#symbolCVolPVolPCVolPCOIivUpDownputivcalliv
1 YRCW 53049 52354 .99 2.82 513.55 288 8.1663 2.1047
2 HRBN 30376 15490 .51 .77 149.01 51 1.793 1.1871
3 XLE 35390 24714 .7 1.08 34.83 16 .3747 .3218
4 GE 37801 33636 .89 1.28 34.44 15 .3682 .3207
5 SPY 909556 1741091 1.91 2.24 28.65 15 .3065 .2666
6 DIA 20592 40224 1.95 1.07 25.9 9 .2702 .2477
7 VIX 254096 101423 .4 .78 94.59 9 .9847 .907
8 QQQ 186120 271744 1.46 1.48 28.16 8 .2929 .2702
9 XLF 51306 211386 4.12 1.82 38.82 7 .401 .3754
10 NLY 23450 38120 1.63 1.13 33.43 6 .3434 .3253
11 VXX 40546 39576 .98 1.44 82.28 6 .8454 .8003
12 XLK 44935 6085 .14 2.27 29.16 6 .3005 .2827
13 PBR 43387 19600 .45 .84 35.06 5 .3588 .3423
14 FAS 31483 31020 .99 1.06 101.3 3 1.0289 .9972
15 QCOM 31396 23084 .74 .98 34.69 -3 .3409 .353
16 EBAY 3362 39718 11.81 1.17 42.24 -4 .4138 .4311
17 EEM 183141 120512 .66 1.42 34.16 -4 .3344 .3487
18 CSCO 87367 37902 .43 .76 32.62 -5 .318 .3344
19 RUT 18815 42520 2.26 1.46 36.08 -5 .351 .3706
20 ALU 31036 16030 .52 .21 85.63 -17 .7785 .9341



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.