Motorola Puts Rise; Stocks Slip
Earnings warnings and profit worries have stocks languishing in the red
Thursday as traders keep an eye on the Florida Supreme Court. Consumer stocks
are the top sector of the day while semiconductors are the weakest.
At mid-day, the VIX has increased .46 to 28.40.
The OEX December 720 calls are down 1.60 to 9.80.
Among bigger movers on heavier-than-average volume:
Motorola
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PowerRating) has fallen 5/8 to 17 3/16 following a profit warning. The
Motorola December 20 puts have gained 1 3/8 to 4 1/8 on more than 5000
contracts.
Microsoft
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PowerRating) is down 3 9/16 to 53 1/8 after Goldman Sachs lowered
its profit target for the software giant. The Microsoft December 60 calls are
off 1 to 1/2 on more than 8000 contracts.
Storage leader EMC
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PowerRating) is down 2 7/8 to 87 1/8 while the EMC December
80 puts are down 2 9/16 to 1 3/16 on more than 6000 contracts.
Phillip Morris
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PowerRating) is up 7/16 to 39 1/2 while the MO December 40 calls
are up 3/16 to 13/16 on more than 3000 contracts.