ERTS Calls Rise; Stocks Edge Higher
Stocks are marginally higher Wednesday as traders await the Fed’s decision on
interest rates. Retailers are the day’s top sector while insurance is the
weakest.
At mid-day, the VIX has decreased .04 to 25.16.
The OEX February 740 calls are up .70 to 5.80.
Among bigger movers on heavier-than-average volume:
Electronic Arts
(
ERTS |
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PowerRating) has gained 6 5/16 to 46 5/16 while the ERTS
Febuary 40 calls have added 4 5/8 to 7 5/8 on more than 3500 contracts.
Intel
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INTC |
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PowerRating) is continuing its recent run and is up 7/8 to 37 7/8. The
Intel March 40 calls are up 1/2 to 2 on heavy volume of more than 11,000
contracts.
Brocade
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BRCD |
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PowerRating) is off 4 3/8 to 94 1/8 while the Brocade April 110 calls
are down 3 3/8 to 9 1/4 on more than 6000 contracts.
New Focus
(
NUFO |
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Chart |
News |
PowerRating) is up 11 1/2 to 60 7/8 following its
better-than-expected earnings report. The NUFO February 50 calls are up 7 7/8 to
13 1/8 on more than quadruple average volume.