Palm Calls Higher; Stocks Mixed
Semiconductors and software are pushing the Nasdaq 1.6% higher Friday while
the Dow remains slightly in the red in a pre-holiday session that marks the end
of the second quarter. On the weaker side are the chemical and biotechnology
At mid-day, the VIX has increased .59 to 22.61.
The OEX 790 calls are up 3/4 to 10 3/4.
Among bigger movers on heavier-than-average volume:
PowerRating) is building on Thursday’s gains and is up 3 3/16 to 32 7/8.
The company announced better-than-expected earnings on Wednesday. The Palm
August 25 calls are up 2 5/8 to 7 3/4 on five times the average volume.
Silicon Storage Technology
PowerRating) is up 15 3/8 to 91 after announcing
that it will have better-than-expected earnings. The SSTI July 100 calls have
jumped 3 1/4 to to 6 1/4 on double the average volume.
Mexican-related stocks continue to add to recent gains, and that has helped
send Telmex up 1 7/8 to 57 1/8. The Telmex July 60 calls are up 11/16 to 2 1/4
on quadruple the average volume.
Looking ahead, keep in mind that Monday is a holiday-shortened trading
session that closes at 1:00 PM ET.