AOL Puts Jump; Stocks Under Pressure
Stocks are lower Tuesday as worries about the slew of upcoming earnings
continue to weigh on traders’ minds. Oil services and health care are the top
sectors of the day while Internets and semiconductors are the weakest.
At mid-day, the VIX is up 1.31 to 30.81.
The OEX October 750 calls are down 15/16 to 5/16.
Among bigger movers on heavier-than-average volume:
America Online in
PowerRating) is down 6.86 to 45.75 as concerns about Internet
advertising revenue continues to haunt the sector. The AOL October 50 puts are
up 4.10 to 5.10 on more than 7000 contracts.
PowerRating) is down 3 5/8 to 39 15/16 as chips remain under
pressure. The Texas Instruments November 40 puts have gained 1 7/8 to 3 7/8 on
more than 4000 contracts.