EDS Calls Jump; Stocks Edge Lower
Stocks are slightly in the red Thursday as traders continue to digest the
Cisco meltdown. Semiconductors are the day’s top sector while retailers are the
weakest.
At mid-day, the VIX has eased .77 to 23.75.
The OEX 710 calls are down .80 to 4.80.
Among bigger movers on heavier-than-average volume:
EDS
(
EDS |
Quote |
Chart |
News |
PowerRating) topped earnings estimates and that is boosting the stock 5.84
to 62.74. The EDS February 60 calls are up 2.30 to 3.40 on more than 2000
contracts.
McData
(
MCDT |
Quote |
Chart |
News |
PowerRating) is up 4 5/16 to 42 9/16 while the February 45 calls have
added 1 3/8 to 2 3/8 on more than 600 contracts.
Gap Stores
(
GPS |
Quote |
Chart |
News |
PowerRating) is weak along with the retail group and is off 2.66 to
26.90. The GPS February 30 puts have gained 1.80 to 3.10 on heavier than average
volume.
Applied Micro Circuits
(
AMCC |
Quote |
Chart |
News |
PowerRating) is down 1 7/16 to 48 3/8 while the AMCC
February 55 puts are up 1/2 to 7 3/8 on more than 14,000 contracts.