QCOM Calls Rise; Stocks Slip
Stocks are giving back some of Tuesday’s big gains as traders await Friday’s
crucial employment numbers. Banks are the day’s top sector while drugs are the
weakest.
At mid-day, the VIX is down .21 27.24.
The OEX 730 calls are down 2.80 to 9.50.
Among bigger movers on heavier-than-average volume:
Qualcomm
(
QCOM |
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PowerRating) has risen 6 7/16 to 106 1/16 as it continues to improve
on Tuesday’s breakout. The Qualcomm December 85 calls are up 6 1/2 to 22 on more
than 5000 contracts.
New Focus
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NUFO |
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PowerRating) has jumped 7 1/32 to 39 3/4 while the NUFO January 65
calls are up 2 9/16 to 3 1/8 on heavier-than-average volume.
Hewlett Packard
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HWP |
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PowerRating) is down 3 1/4 to 31 3/4 while the HWP December 35
calls are off 1 to 5/8 on more than 4000 contracts.
Cache Flow
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CFLO |
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PowerRating) is up 13 7/16 to 63 to lead the narrow group of tech
winners. The Cache Flow December 70 calls are up 4 11/16 to 4 7/8 on
heavier-than-average volume.