Honeywell Puts Jump; Stocks Slide
Stocks are lower across the board Friday as semiconductor stocks have led the
Nasdaq down 1.8% at mid-session. Retailers and banks are the strongest sectors
while forest and paper products have joined semis as one the weakest sectors.
At mid-day, the VIX is up .64 to 21.71.
The OEX September 820 calls are off 3 1/4 to 5 5/8.
Among bigger movers on heavier-than-average volume:
PowerRating) is up 2 1/2 to 52 on news it will join the S&P
mid-cap 400 index. The INFS September 50 calls are up 2 11/16 to 3 7/8 on
quadruple the average volume.
Also showing weakness in the tech arena is Corning
PowerRating), which is down 9
1/4 to 310. The Corning September 330 calls are off 3 3/4 to 2 on