Brocade Puts Sink; Stocks Positive
Stocks are holding on to positive territory Tuesday as traders wait for signs
from Florida as to what way the election will go. Gold and silver is the day’s
top sector while semiconductors are the weakest.
At mid-day, the VIX is down .72 to 29.56.
The OEX December 740 calls are up 1/8 to 8 1/2.
Among bigger movers on heavier-than-average volume:
Brocade
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PowerRating) is bouncing back from Monday’s big selloff and is up 4
11/16 to 193 1/8. The Brocade December 180 puts are down 4 5/8 to 11 on more
than 4000 contracts.
Nortel Networks
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PowerRating) is up 1 15/16 to 37 3/16 following an optimistic
earnings outlook. The Nortel December 37 1/2 calls are up 3/4 to 3 on more than
3000 contracts.
Yahoo!
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PowerRating) is down 5 to 43 7/8 as weakness in the Internets drags on.
The Yahoo! December 40 puts are up 1 3/16 to 3 1/8 on nearly 1000 contracts.
Sun Microsystems
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PowerRating) is up 1 1/8 to 82 3/4 while the Sun December 90
calls are up 1/8 to 4 on more than 6000 contracts.