Intel Calls Rise; Stocks Positive
Just a week ahead of the much-anticipated Fed meeting, stocks are slightly in
the green Monday at the start of a fairly thin week for economic news.
Top sectors are the banks and semiconductors, while the weakest include
chemicals and oil services.
At mid-day, the VIX has declined .11 to 23.44.
The OEX July 790 calls are up 1/8 to 22 3/8.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) is up 5 to 131 1/16 to pace the day’s top-performing chip
sector. The Intel July 140 calls are up 1 1/16 to 3 5/8 on triple the average
volume.
Also strong among the semis is Rambus
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PowerRating), which has gained 5 5/8 to
89. The Rambus August 125 calls are up 3 to 7 on heavier-than-average volume.
Honeywell
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PowerRating) is the biggest loser on the Dow, falling 6 3/4 to 41 3/4.
The Honeywell July 50 puts have jumped 5 13/16 to 8 3/8 on quadruple average
volume.
Dell Computer
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PowerRating) has risen 1 3/8 to 48 7/8 while the Dell July 50
calls have added 3/8 to 2 on triple the average volume.
Looking ahead, the May trade deficit figures are due out Tuesday at 8:30 AM
ET, and estimates look for a figure of $29.6 billion.