PMCS Calls Rise; Techs Hit Again
Stocks are mired in red following earnings warnings from Microsoft and Black
and Decker. Gold and silver is the day’s top sector while computer technology is
the weakest.
At mid-day, the VIX is up 2.34 to 30.61.
The OEX 700 calls are down 10.05 to 1.45.
Among bigger movers on heavier-than-average volume:
PMC Sierra
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PowerRating) is avoiding the selloff and is trading up 4 3/8 to 106
3/8. The PMCS December 105 calls are up 1 1/2 to 4 1/2 on heavier-than-average
volume.
JDS Uniphase
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PowerRating) is down 3 13/16 to 57 5/8 to help pace the easing in
tech. The JDS Uniphase December 60 puts are up 1 1/4 to 2 5/8 on more than
17,000 contracts.
Also wounded in tech is EMC
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PowerRating), which has fallen 7 5/8 to 67. The EMC
December 75 puts have jumped 5 7/8 to 7 7/8 on more than 5000 contracts.
Pfizer
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PowerRating) is holding its own and is up 1/8 to 45 11/16. The Pfizer
December 45 calls are down 1/16 to 7/8 on more than 5000 contracts.