Corning Calls Dip; Stocks Mixed
Stocks are mixed Thursday following a flurry of downgrades and negative
announcements at Yahoo! Gold and silver is the day’s top sector while Internets
are the weakest.
At mid-day, the VIX is up .27 to 26.72.
Among bigger movers on heavier-than-average volume:
Corning
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PowerRating) is down .61 to 29.49 as tech remains under pressure. The
Corning May 40 calls are down .35 to 1.35 on more than 3000 contracts.
Microsoft
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PowerRating) is down 3/16 to 60 1/2 while the Microsoft April 65
calls are down 1/8 to 2 on more than 33,000 contracts.
AT&T
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PowerRating) is off .11 to 23.74 while the AT&T March 25 puts have
gained .25 to 1.65 on more than 10,000 contracts.
Intel
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PowerRating) is bucking the negative tech trend and is up 3/8 to 33 5/16
while the Intel July 35 calls are flat at 3 1/2 on heavy volume of more than
30,000 contracts.