Sun Micro Calls Rise; Nasdaq Tops 2700
Technology issues are higher Thursday following positive earnings news and
economic news that shows the economy is moderating. Computer technology is the
day’s top sector while oil services are the weakest.
At mid-day, the VIX has decreased .89 to 27.62.
The OEX January 700 calls are up 1.60 to 4.10.
Among bigger movers on heavier-than-average volume:
Sun Micro
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PowerRating) is up 1 5/16 to 33 3/4 and is helping the Nasdaq stay
above 2700. The SUNW January 33 3/4 calls have gained 5/8 to 1 1/4 on more than
9000 contracts.
Hewlett Packard
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PowerRating) has added 2 5/8 to 43 1/4 while the HWP January 35
puts have fallen 2 1/2 to 1 on more than 7000 contracts.
Telecom is strong and that is helping Nortel
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PowerRating) gain 3/4 to 35. The
Nortel February 35 calls have lifted 3/8 to 4 on more than 16,000 contracts.
Computer Associates
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PowerRating) has soared 4 7/16 to 33 3/8 while the CA January
30 calls are up 2 13/16 to 3 1/8 on more than triple the average call volume.