Microsoft Calls Rise; GDP Motivates Market
Stocks are higher Friday following a slower-than-expected third quarter GDP
number. Telecom and banks are the day’s top sectors while biotechs and oil
services are the weakest.
At mid-day, the VIX is down 1.18 to 29.87.
The OEX November 740 calls are up 2 7/8 to 13 1/2.
Among bigger movers on heavier-than-average volume:
Microsoft
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MSFT |
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PowerRating) has gained 3 1/8 to 67 9/16 despite concerns over a
hacking attack against the software giant. The Microsoft November 70 calls have
added 7/8 to 2 1/16 on more than 6800 contracts.
JDS Uniphase
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PowerRating) has rallied and is up 6 1/8 to 80 9/16. The JDSU
November 65 puts have fallen 3 11/16 to 2 7/16 on nearly 2000 contracts.
Amgen
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PowerRating) is off 8 1/4 to 60 1/4 in a slumping biotech sector. The
Amgen December 60 calls are down 6 1/2 to 6 7/8 on more than 4000 contracts.
AOL
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PowerRating) has gained .70 to 47.40 while the AOL November 45 puts have
fallen .65 to 1.85 on more than 5000 contracts.