Broadcom Calls Rise; Stocks Mixed
Stocks are mixed following the release of Consumer Confidence numbers that
were the weakest in four years. Semiconductors are the day’s top sectors, and
biotechs are the weakest.
At mid-day, the VIX has increased .46 to 25.39.
The OEX February 720 calls are up .60 to 11.00.
Among bigger movers on heavier-than-average volume:
Broadcom
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PowerRating) has jumped 4 1/2 to 114 3/4 while the Broadcom February
125 calls have added 1 3/8 to 6 3/8 on more than 4000 contracts.
Sun Micro
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PowerRating) has fallen 1 1/2 to 32 1/16 to give back some of
Monday’s 7% gains. The Sun February 30 puts have gained 7/16 to 1 on more than
5700 contracts.
In the semis, KLA-Tencor
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PowerRating) has gained 2 11/16 to 46 11/7/16 while
the KLAC March 55 calls have added 1 1/8 to 2 1/4 on heavier-than-average
volume.