Intel Calls Rise; Stocks Higher
Stocks are higher Tuesday ahead of the Federal Reserve announcement scheduled for 2:15 PM ET. Chemicals and forest and paper products are the day’s top sectors while broker/dealers and insurance are the weakest.
At mid-day, the VIX is down .06 to 23.37.
The OEX October 770 calls are up 3 3/4 to 15 3/4.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) is up 1 5/8 to 41 3/4 following Monday’s continued decline. The Intel January 01 35 calls are up 5/8 to 8 7/8 on more than 24,000 contracts.
BEA Systems
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PowerRating) has fallen 4 3/8 to 74 while the BEAS October 70 puts have jumped 2 3/16 to 3 1/2 on triple average volume.
Xerox
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PowerRating) has fallen 3 11/16 to 11 5/8 following a third-quarter profit warning. The Xerox October 15 puts have climbed 2 13/16 to 3 1/2 on triple average volume.
Yahoo
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PowerRating) has battled back 2 1/2 to 88 9/16 after hitting a 52-week low Monday. The Yahoo October 110 calls have gained 7/16 to 2 on more than 1200 contracts.