MSFT Calls Rise; Stocks Pull Back
Stocks are taking a breather following a week of big gains Friday, and all
three major averages are in the red. Oil services are the day’s top sector while
biotechs are the weakest.
At mid-day, the VIX is up .11 to 28.57.
Among bigger movers on heavier-than-average volume:
Microsoft
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PowerRating) has gained 1.36 to 69.40 while the MSFT May 70 calls
have added .25 to 3.10 on more than 37,000 contracts.
WorldCom
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PowerRating) has lost .83 to 19.06 while the WCOM April 20 calls have
lost .35 to .o5 on more than 25,000 contracts.
Sun Micro
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PowerRating) is off .96 to 19.75 while the SUNW April 20 calls are
down 1.05 to .25 on more than 18,000 contracts.