Options Bulls Dine on Restaurant Stock

The Dow is down over 125 points midday

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Schaeffer's Midday Market Check
3/25/2021
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Dow Falls Triple Digits as Stocks Extend Morning Losses


By: Laura McCandless

The Dow Jones Industrial Average (DJI) is down over 125 points midday, after Federal Reserve Chair Jerome Powell made comments regarding the eventual ending of the government stimulus that has helped the economy during the pandemic. Energy and bank stocks are also putting pressure on the blue-chip index. The S&P 500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) are firmly in the red as well, despite the 10-year Treasury yield falling for the fourth-straight day, and data showing better-than-expected initial jobless claims for last week. Meanwhile, news came that U.S. President Joe Biden plans to announce a new Covid-19 vaccination goal of 200 million shots within his first 100 days -- doubling the previous goal of 100 million. 

Continue reading for more on today's market, including:

  • Options bulls eye Olive Garden parent after earnings
  • AstraZeneca stock rises amid revised vaccine efficacy rate.  
  • Plus, options traders blast RH after its quarterly report; PRQR surges on trial data; and EOLS falls from highs. 
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