BMC Calls Rise; Stocks Mixed
Stocks are mixed Thursday on the heels of the Fed’s surprise rate cut.
Transportation stocks are the day’s top sector while insurance is the weakest.
At mid-day, the VIX is up .65 to 29.32.
The OEX January 700 calls are up 1.80 to 19.30.
Among bigger movers on heavier-than-average volume:
BMC Software
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PowerRating) has jumped 6 1/8 to 21 3/4 after saying it would top
earnings estimates. The BMC February 17 1/2 calls are up 3 15/16 to 5 on
heavier-than-average volume.
J.P. Morgan
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PowerRating) is up 2 to 52 5/8 to help the resurgent banking sector.
The JPM January 45 calls are up 2 to 8 on more than 6000 contracts.
Toys’R’Us
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PowerRating) has jumped 3 1/8 to 21 5/8 following a Merrill Lynch
upgrade and better-than-expected revenue numbers. The TOY January 20 calls have
risen 1 7/8 to 2 1/4 on heavier-than-average volume.
Philip Morris
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PowerRating) has pulled back from its big gains and is down 1 3/4 to
40 1/2 while the MO January 42 1/2 calls have fallen 3/4 to 5/8 on more than
18,000 contracts.