Intel Calls Rise; Nasdaq Flat
The Nasdaq is flat and blue chips have edged higher Wednesday despite yet
another round of tech warnings. Chemicals are the day’s top sector while
biotechs are the weakest.
At mid-day, the VIX has increased .02 to 27.46.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) has risen 1 7/16 to 32 15/16 on high volume while the Intel
July 35 calls are up 1/2 to 3 1/2 on more than 35,000 contracts.
JDS Uniphase
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PowerRating) has fallen 1 1/4 to 26 3/4 following an earnings
warning. The JDSU March 35 puts have gained 1/8 to 7 3/8 on heavier-than-average
volume.
Apple
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PowerRating) is down 5/16 to 21 3/16 in sympathy with Dell. The Apple
March 22 1/2 calls are down 3/16 to 1/2 on more than 11,000 contracts.