ADI Calls Jump; Stocks Mixed
Stocks are mixed Wednesday following July CPI numbers that came in as
expected with 0.2% increases for both the CPI and the core rate. Semiconductors
and Internets are the top-performing groups of the day while biotechs and
retailers are the weakest.
At mid-day, the VIX has decreased .54 to 20.43.
The OEX August 810 calls are down 1 1/2 to 5 1/2.
Among bigger movers on heavier-than-average volume:
PowerRating) is up 7 7/8 to 90 3/4 after posting
better-than-expected earnings. The Analog Devices August 60 calls are up 13 1/2
to 30 on more than 5000 contracts.
PowerRating) is up 4 9/16 to 37 1/16 after announcing a
strategic alliance with IBM. The Kana August 35 calls have added 1 5/8 to 2 5/8
on more than double the average volume.
Internets are performing well, and CheckPoint Software
PowerRating) is no exception,
gaining 6 3/8 to 129 5/8. The CheckPoint August 125 calls have risen 3 5/8 to 5
7/8 on heavier-than-average volume.