Microsoft Calls Rise; Stocks Edge Higher
Stocks are marginally higher Monday following an existing home sales report
that showed an annual rate of 4.65 million homes sold, which was less than the 5
million analysts expected. Biotechs are the day’s top sector while
semiconductors are the weakest.
At mid-day, the VIX is down 1.21 to 29.13.
The OEX March 670 calls are up .20 to 5.5.
Proctor and Gamble
PowerRating) has fallen 4.63 to 70.40 on a lowered earnings
outlook. The PG March 70 puts have jumped 3.15 to 5 on the news on more than
triple the average contract volume.