SUNW Calls Fly; Stock Weaken
Stocks have given up some of Thursday’s gains as semiconductors and select
technology stocks are under pressure. Banks and biotechs are the strongest
sectors while software and semiconductors are the weakest.
At mid-day, the VIX is down .06 to 22.12.
The OEX 815 calls are down 2 15/16 to 7/16.
Among bigger movers on heavier-than-average volume: Sun Microsystems
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PowerRating)
is up 6 1/4 to 104 1/4 after beating earnings estimates Thursday. The Sun Micro
July 100 calls are up 3 3/16 to 4 5/8 on more than 7500 contracts.
Phone.com
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PowerRating) has added 12 1/8 to 100 1/2 after blowing away earnings
estimates. The Phone.com July 95 calls are up 5 7/16 to 6 1/4 on triple the
average volume.
JDS Uniphase
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PowerRating) is up 3 to 131 1/8 and continues to benefit from the
decision to add the company to the S&P 500. The JDSU July 120 calls are up 3
to 11 on double the average volume.
Amgen
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PowerRating) is up 3 1/8 to 77 3/16 along with the booming biotech
sector. The July 75 calls are up 2 3/8 to 3 1/4 on triple average volume.
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