Sun Calls Rise; Stocks Rally
As traders wait for the Fed decision at 2:15 PM ET, stocks are higher, with
the Nasdaq leading the way with a 2.2% gain. Semiconductors are the day’s top
sector while insurance is the weakest.
At mid-day, the VIX is down .64 to 30.81.
The OEX January 720 calls are up 1.00 to 14.00.
Among bigger movers on heavier-than-average volume:
PowerRating) warned that earnings would not meet
expectations, and that has sunk the stock 7 to 46 5/16. The SBC January 50 puts
have jumped 3 3/8 to 5 on more than 4000 contracts.