Palm Calls Rise; Stocks Slide
Concerns about energy prices are weighing on stocks Wednesday with all three
major averages drifting into the red. Oil services and integrated oils are the
top sectors of the day while semiconductors and telecom are the weakest.
At mid-day, the VIX has increased .98 to 23.09.
The OEX October 800 calls are down 3 1/8 to 9 5/8.
Among bigger movers on heavier-than-average volume:
PowerRating) has risen 1 5/16 to 146 after it announced
better-than-expected earnings and a 2-for-1 stock split. The Lehman October 145
puts have fallen 6 7/8 to 8 1/4 on heavier-than-average volume.