Linux Calls Jump; Stocks Mixed
Stocks are mixed following a larger-than expected drop in durable goods
orders for July. Biotechs and forest and paper products are the strongest
sectors of the day while oils and oil services are the weakest.
At mid-day, the VIX has decreased .09 to 19.77.
The OEX September 820 calls are unchanged at 16 1/2.
Among bigger movers on heavier-than-average volume:
Linux
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LNUX |
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PowerRating) is up 7 1/8 to 44 1/4 following an analyst upgrade. The
Linux September 50 calls are up 1 5/16 to 2 on quadruple the average volume.
America Online
(
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PowerRating) is up 1/2 to 59 1/4 while the AOL September 60 calls
have gained 5/8 to 1 7/8 on heavy call volume of more that 13,000 contracts.
Optical fiber company Finisar
(
FNSR |
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PowerRating) is up 7 1/8 to 44 1/4 following
positive comments from Merrill Lynch. The FNSR September 45 calls have risen 1
3/16 to 2 on more than 1200 contracts.
Sun Microsystems has risen 1 to 127 11/16 and has again touched all-time high
levels. The SUNW September 130 calls have risen 1/2 to 4 3/8 on triple the
average volume.