Brocade Puts Up; Stocks Edge Higher
Stocks are higher Monday led primarily by the Dow, which is up nearly 1%.
Biotechs are the day’s top sector while semiconductors are the weakest.
At mid-day, the VIX is up .30 to 25.45.
The OEX February 700 calls are up .20 to 2.50.
Among bigger movers on heavier-than-average volume:
Brocade
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PowerRating) is off 12 3/4 to 61 3/4 as storage and select tech take a
big hit. The Brocade February 70 puts have jumped 7 3/16 to 8 3/4 on
heavier-than-average volume.
Intel
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PowerRating) is showing vigor and is up 1 1/8 to 34 5/8 while the Intel
February 30 calls are up 7/8 to 5 on more than 5000 contracts.
Emulex
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PowerRating) has tanked 38 to 39 1/2 after saying it would see an
earnings shortfall. The EMLX March 55 puts have risen 12 1/2 to 14 on more than
5000 contracts.
Veritas Software
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PowerRating) has lost 8 3/16 to 69 15/16 while the VRTS May
65 puts have added 2 1/4 to 8 3/4 on more than 18,000 contracts.