Microsoft Calls Rise; Stocks Lower
Stocks are lower as traders choose to wait-and-see what sort of outcome the
election produces. Oil services and forest and paper products are the day’s top
sectors while semiconductors are the weakest.
At mid-day, the VIX is down .03 to 27.00.
The OEX November 770 calls are down 1 to 6.
Among bigger movers on heavier-than-average volume:
Applied Micro Circuits
PowerRating) is down 7 13/16 to 68 9/16 as selected
techs remain under pressure. The AMCC December 70 puts are up 3 1/2 to 10 3/4 on
more than 3000 contracts.