Although investors remain hopeful for announcements of further economic stimulus by the Fed and the European Central Bank this week, The Dow Jones Industrial Average (DJI - 13,053.56) has pared its earlier gains and is currently off 22 points, or 0.2%. Elsewhere, the CBOE Market Volatility Index (VIX - 18.03) is up 1.3 points, or 8%.
Here are a few noteworthy stats at midday:
The equity put/call volume ratio across all 10 options exchanges stands at 0.77, with 2.8 million calls crossing the tape so far today, versus 2.2 million puts.
Among the equities with heavy call activity is Sprint Nextel Corporation (NYSE:S - 4.40), which has added about 2% today. The wireless communications giant scored a price-target hike to $4 from $3 at Deutsche Bank earlier in the session.
The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 13.16) arrives at 0.31, with calls more than tripling puts.
The Nasdaq shows an advance/decline ratio of 0.61, indicating that the number of downward movers almost doubles the advancers.
Among the Nasdaq's major decliners is Citrix Systems, Inc. (NASDAQ:CTXS - 73.13), which, despite reporting better-than-expected quarterly earnings on Friday, has shed nearly 6% in intraday trading. The cloud computing firm announced that it will expand its North Carolina-based facility, a move the company says will accommodate its expected growth over the next several years.
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