FuelCell Calls Rise; Blue Chips Fall
Earnings warnings weighed heavily on stocks Tuesday, with blue chips taking the
brunt of the selling pressure. Oil services and integrated oils were the day’s strongest
sectors while retailers and biotech were the weakest.
At the close, the VIX had risen
.60 to 25.00.
The OEX October 770 puts gained 6 to 23.
Among bigger movers on heavier-than-average volume:
FuelCell Energy
(
FCEL |
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PowerRating) gained 15 15/16 to 99 5/16 and was one of the
day’s big winners that avoided the downdraft. The FCEL October 100 calls gained
6 5/8 to 9 7/8 on heavier-than-average volume.
Eastman Kodak
(
EK |
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PowerRating) added to early losses and finished down 14 9/16 to 44
7/16 following its earnings
warning. The Kodak October 55 puts finished the day up 10 5/16 to 10 3/4 on more than
7000
contracts.
Microsoft
(
MSFT |
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Chart |
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PowerRating) gave back some early gains but still finished up 1 7/16
to 62 11/16 following news that its
antitrust case will be sent back to a lower court. The Microsoft October 65 calls
rose 7/16 to 1 11/16 on more than 17,000 contracts.
Procter & Gamble
(
PG |
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Chart |
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PowerRating) fell 1 3/8 to 61 3/4 while the Procter &
Gamble October 60 puts rose 13/16 to 1 3/4 on more than 10,000 contracts.