Sun Puts Fall; Dow Sinks
The Dow is down 1.2% and the Nasdaq is off 0.3% following a slightly
higher-than-expected CPI. Semiconductors are the day’s top sector while biotechs
are the weakest.
At mid-day, the VIX is up .24 to 35.28.
Among bigger movers on heavier-than-average volume:
Sun Micro
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PowerRating) is up 1 1/16 to 18 7/16 while the Sun April 20 puts are
down 5/8 to 2 5/8 on more than 20,000 contracts.
EMC is also showing a bounce and has added 1.95 to 35.95. The EMC April 40
calls have gained .25 to 35.95 on more than 13,000 contracts.
Cisco Systems
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PowerRating) is up 5/16 to 19 3/8 while the Cisco April 20 calls
have added 1/8 to 1 5/8 on more than 26,000 contracts.