Intel Calls Rise; Stocks Higher
Stocks are higher Monday as traders await word from the Supreme Court as to
the possible conclusion to the Presidential election. Semiconductors are the
day’s top sector while gold and silver is the weakest.
At mid-day, the VIX has decreased .04 to 26.09.
The OEX December 730 calls are up 9 to 13.
Among bigger movers on heavier-than-average volume.
Intel
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PowerRating) is bouncing back from last week’s warning and is up 2 1/4 to
36 1/4. The Intel December 35 calls are up 1 to 1 15/16 on more than 5000
contracts.
Banks are strong, with Chase Manhattan
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PowerRating) helping out with a gain of 2
3/8 to 42 3/8. The Chase January 45 calls have risen 7/8 to 1 11/16 on more than
10,000 contracts.
Phillip Morris
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PowerRating) is down 11/16 to 38 15/16 while the Phillip Morris
December 35 calls are up 3 1/8 to 4 on triple average volume.
Microsoft
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PowerRating) is up 3 7/8 to 58 15/16 while the MSFT December 55
calls have risen 2 1/16 to 4 on more than 5000 contracts.