Qualcomm Calls Rise; Stocks Mixed
Stocks are mixed Wednesday with blue chips taking the high round and
technology stocks pulling the Nasdaq lower. Chemicals and forest and paper
products are the top sectors while utilities and biotechs are the weakest.
At mid-day, the VIX has increased .17 to 24.56.
The OEX October 770 calls are up 1/4 to 9.
Among bigger movers on heavier-than-average volume:
Qualcomm
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QCOM |
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PowerRating) is avoiding the Nasdaq decline and is up 2 7/8 to 75
3/8. The Qualcomm October 75 calls are up 1 to 4 1/4 on more than 6000
contracts.
Microsoft
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PowerRating) is still sinking and is off another 1 1/4 to 55 5/16.
The Microsoft January 01 55 puts are up 5/8 to 4 3/8 on more than 20,000
contracts.
Knight Trading Group
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NITE |
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PowerRating) is down 5 9/16 to 26 5/8 after an earnings
warning. The NITE October 30 puts are up 2 15/16 to 4 1/8 on more than 1300
contracts.
CacheFlo
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PowerRating) is down 11 3/16 to 123 15/16 while the CacheFlo October
120 puts are up 4 1/8 to 6 1/2 on five times the average volume.