Yahoo! Calls Fall; Stocks Lower
With little in the way of economic news, stocks are lower Thursday with
health care and biotechs suffering the biggest losses. On the positive side,
gold and silver and forest and paper products are the day’s better performers.
At mid-day, the VIX is up 1.47 to 25.04.
The OEX July 800 calls are down 4 7/8 to 15 1/8.
Among bigger movers on heavier-than-average volume:
Yahoo!
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PowerRating) has fallen 5 5/8 to 137 3/16 following Lehman Brothers
"neutral" rating that was announced on Wednesday. The Yahoo! July 140
calls are down 3 3/4 to 9 3/4 on quadruple the average volume.
Peoplesoft
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PowerRating) has jumped 2 to 16 while the Peoplesoft July 15 calls
have added 1 1/2 to 2 5/16 on more than 6400 contracts.
Nokia
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PowerRating) has given up some recent gains and is trading down 4 5/16 to
56 11/16. The Nokia July 60 puts are up 2 5/8 to 5 1/4 on eight times the
average volume.
Citrix Systems
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PowerRating) has bounced back from its recent low and is up 3
7/16 to 23 3/16. The Citrix July 25 calls are up 1 5/16 to 2 on triple the
average volume.
Looking ahead, the next economic news out before the Fed meets on Tuesday is
the report for May’s existing home sales which will be released on Monday at
10:00 AM ET.