Corning Calls Fall; Stocks Flat
Stocks ended mixed Monday as the Nasdaq managed to hang on to last week’s
gains off of Wednesday’s lows. Biotechs and semiconductors were the day’s top
sectors while broker/dealers and oil services were the weakest.
At the close, the VIX had decreased .46 to 26.96.
The OEX November 740 calls fell 2 1/8 to 17 1/2.
Among bigger movers on heavier-than-average volume:
Corning
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GLW |
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PowerRating) fell 4 1/2 to 101 7/16 despite beating earnings estimates
by a penny. The GLW November 110 calls lost 3 3/8 to 4 7/8 on more than 4000
contracts.
Microsoft
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PowerRating) sank 3 1/16 to 62 1/8 as the software giant pulled back
following last week’s big gains.
General Electric
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GE |
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PowerRating) fell 2 1/2 to 49 3/4 while the GE November 50 calls
fell 2 3/16 to 2 7/16 on more than 11,000 contracts.
Sapient
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SAPE |
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Chart |
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PowerRating) fell 5 13/16 to 39 13/16 while the Sapient November 35
puts gained 1 7/8 to 3 1/4 on more than quadruple the average volume.