Sun Micro Calls Rise; Stocks Work Higher
Stocks are solidly in the green Tuesday despite an earnings warning from
Micron that is weighing down the semiconductor index. Chemicals and forest and
paper products are the day’s top sectors while oil services and semiconductors
are the weakest.
At mid-day, the VIX has decreased 1.75 to 25.23.
The OEX November 740 calls are up 3 1/2 to 28.
Among bigger movers on heavier-than-average volume:
Metro Media Fiber
PowerRating) is up 4 5/64 to 21 1/2 after beating earnings
estimates. The MFNX November 22 1/2 calls have increased 2 to 3 1/8 on double
PowerRating) is off 12 1/8 to 24 13/16 following an earnings
warning. The National Semi November 25 calls are down 6 1/4 to 2 1/8 on more
than 3800 contracts.