Oracle Calls Slip; Stocks Edge Lower
Stocks sank Thursday following more earnings warnings from some of the high
profile techs. Oil services were the day’s top performing sector while chemicals
were the weakest.
At the close, the VIX was up 1.04 to 28.98.
The OEX DEcember 720 calls ended down 4.70 to 6.70.
Among bigger movers on heavier-than-average volume:
Oracle
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PowerRating) fell 1 7/8 to 28 5/16 to give back some recent gains. The
Oracle December 25 calls slipped 1 5/8 to 4 on more than 9000 contracts.
EMC
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PowerRating) fell 4 5/16 to 85 11/16 while the EMC December 80 puts fell 2
1/16 to 1 11/16 on more than 6000 contracts.
Tellabs
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PowerRating) dropped 3 1/8 to 62 11/16 while the Tellabs December 65
calls lost 1 1/2 to 2 on more than 6000 contracts.
RF Micro
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PowerRating) was one of the day’s tech winners, rising 4 7/8 to 34
3/8. The RFMD December 30 calls jumped 3 3/8 to 5 1/4 on more than 1000
contracts.