PMC Sierra Calls Sink; Stocks Mixed
Stocks are mixed Wednesday as the stalemate over who will be the next
President continues. The Nasdaq is down 2.4% while the Dow is solidly in the
green. Drugs and health care are the top sectors, and Internets are the weakest.
At mid-day, the VIX is up .65 to 27.46.
The OEX November 770 calls are down 1 3/4 to 5 5/8.
Among bigger movers on heavier-than-average volume:
PMC Sierra
(
PMCS |
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PowerRating) is again under pressure, falling 7 7/8 to 120. The
PMCS November 140 calls are down 3 1/16 to 2 7/16 on more than 1000 contracts.
Citrix Systems
(
CTXS |
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PowerRating) is avoiding the tech selloff with a gain of 1 5/16
to 25 15/16. The Citrix November 25 calls are up 1/2 to 1 7/8 on more than 3500
contracts.
Corning
(
GLW |
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PowerRating) has lost 4 5/8 to 64 as weakness in the optical group
continues. The Corning November 60 puts are up 1 3/16 to 2 3/16 on triple the
average volume.
Philip Morris
(
MO |
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PowerRating) is up 1 11/16 to 36 15/16 while the Philip Morris
November 35 calls have added 1 3/16 to 2 11/16 on triple the average volume.