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:
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) is up 2 3/4 to 121 1/2 while the Sun Micro
November 125 calls are up 1 1/8 to 5 on more than 3800 contracts.
Metro Media Fiber
(
MFNX |
Quote |
Chart |
News |
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
average volume.
National Semi
(
NSM |
Quote |
Chart |
News |
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.
Computer Associates
(
CA |
Quote |
Chart |
News |
PowerRating) is up 1 1/8 to 26 3/4 while the Computer
Associates November 25 outs have fallen 7/16 to 1 1/4 on more than 5000
contracts.