Qualcomm Calls Up; Market Split
The Nasdaq remains positive while both the Dow and S&P 500 have slipped
into the red Thursday following economic news that jobless claims rose to their
highest level since the week ending January 8. Semiconductors and oil services
are the day’s top sectors, and banks and broker/dealers are the weakest.
At mid-day, the VIX has increased .69 to 25.88.
The OEX June 790 calls are down 1/2 to 11 1/2.
Among bigger movers on heavier-than-average volume:
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) has risen 4 7/16 to 79 1/8 on news that the company will
perform research and development activities in China. The Qualcomm June 75 calls
have gained 2 5/8 to 6 3/4 on more than 5000 contracts.
Procter & Gamble
(
PG |
Quote |
Chart |
News |
PowerRating) is down 3 3/4 to 58 1/8 after issuing a profit
warning. The Procter & Gamble June 60 puts have risen 2 1/8 to 2 5/8 on five
times the average volume.
Juniper Networks
(
JNPR |
Quote |
Chart |
News |
PowerRating) is one of the leading techs of the day and is up
13 3/4 to 238 7/16. The Juniper June 260 calls are up 4 3/8 to 7 on double
average volume.
Excite/AtHome
(
ATHM |
Quote |
Chart |
News |
PowerRating) is up 2 5/16 to 22 1/2 on news the company is in
merger talks with a European company. The Excite/AtHome June 20 calls are up 1
11/16 to 2 5/8 on double average volume.
Traders now look toward Friday’s Producer Price Index numbers which will be
out at 8:30 AM ET.