Harmonic Puts Jump; Stocks Mixed
Stocks are mixed Tuesday following a weaker than expected consumer confidence
report. Analysts had expected a reading of 139.7, so the 138.8 number suggests
that consumers may at last have begun to acknowledge the year-long barrage of
interest rate hikes.
At mid-day, the VIX has increased .03 to 24.75.
The OEX 790 calls are up 1/8 to 19 7/8.
Among bigger movers on heavier-than-average volume:
Harmonic
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PowerRating) is down 17 7/16 to 23 3/8 after issuing an earnings
warning. The Harmonic July 30 puts are up 6 3/16 to 7 on triple the average
volume.
Research In Motion
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PowerRating) has fallen 5 3/4 to 47 1/4 after a downgrade
from CE Unterberg Towbin. The RIMM July 60 calls are down 2 3/16 to 2 1/16 on
heavier-than-average volume.
Scientific Instrument maker Varian
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PowerRating) is up 1 3/8 to 47 while the
Varian July 45 calls are up 4 to 5 3/4 on ten times the average volume.
Amkor Technology is down 5 3/8 to 29 5/16 while the Amkor July 30 puts are up
1 13/16 to 3 1/4 on heavier-than-average volume.
All eyes are now on the Fed, and an interest rate decision is set for
Wednesday at 2:15 PM ET.