Micron Calls Rise; Stocks Edge Higher
Stocks are marginally higher Monday as they hold on to gains from their
Thursday and Friday bounce. Biotechs and semiconductors are the day’s top
sectors while broker/dealers and oil services are the weakest.
At mid-day, the VIX is down .25 to 27.17.
The OEX November 740 calls are down 1 1/4 to 18 3/8.
Among bigger movers on heavier-than-average volume:
Micron
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PowerRating) is helping lead the semiconductor sector higher with a
gain of 3 to 37 7/8. The Micron November 30 calls have added 3 1/2 to 9 7/8.
Biotechs are also strong, as Biogen
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PowerRating) has gained 4 15/16 to 59 1/4.
The Biogen November 60 calls have risen 2 1/2 to 4 5/8 on more than 5000
contracts.
Corning
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PowerRating) is off 6 5/16 to 99 5/8 despite beating earnings estimates
by a penny. The GLW November 120 calls are down 2 7/16 to 2 5/16 on quadruple
the average volume.
General Electric
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PowerRating) has fallen 2 13/16 to 49 7/16 while the GE November
55 puts have gained 2 1/4 to 6 1/8 on more than 4000 contracts.