Ciena Puts Fall; Stocks Mixed
Stocks are mixed at mid-day following a stronger-than-expected showing by the
National Association of Purchasing Managers report. Chemicals are the day’s top
sector while oil services are the weakest.
At mid-day, the VIX is down 1.13 to 32.69.
Among bigger movers on heavier-than-average volume:
Ciena
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PowerRating) is up 1 3/4 to 43 1/2 while the Ciena April 50 puts are
down 7/8 to 9 1/2 on more than 15,000 contracts.
Applied Materials
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PowerRating) is weak in the chips, falling 1 1/2 to 42 while
the May 45 calls are down 5/8 to 4 on more than 11,000 contracts.
Best Buy
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PowerRating) is up .07 to 36.03 while the Best Buy April 35 puts have
eased .45 to 2.50 on more than 11,000 contracts.