MO Puts Fall; Stocks Move Higher
Stocks are higher across the board Wednesday as earnings numbers continue to
roll in. Biotechs are the day’s top sector while networking stocks are the
weakest.
At mid-day, the VIX is up .38 to 32.84.
Among bigger movers on heavier-than-average volume:
Philip Morris
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PowerRating) has jumped 1.76 to 49.71 following news the company
will raise prices. The MO May 45 puts are down ,45 to .50 on more than 10,000
contracts.
Microsoft
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PowerRating) has gained .88 to 68.43 while the MSFT May 70 calls are
down .30 to 2.30 on more than 18,000 contracts.
Cisco
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PowerRating) remains under pressure and is off .32 to 15.94 while the
CSCO May 20 calls are down .10 to .35 on more than 28,000 contracts.