Options Wonderland

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10-25 ups and downs

8:25 SUMRX Gapping up/down: SYMC +10.5%, WYNN +3.8%, RYL +3.4%, SNY +2.3% on earnings/guidance, PSSI +32.7%, Metals/mining higher... CLF -6.5%, FIO -5.9% on earnings/guidance
Gapping up:
In reaction to strong earnings/guidance: ZNGA +17.9% (also upgraded to Buy from Hold at Needham), ANGI +13.3% (also upgraded to Outperform from Market Perform at Barrington), SYMC +10.5%, INFN +9.6%, AKAM +8.6%, SKX +5.7%, BVSN +5.3% (thinly traded), LOGM +5.2%, (light volume), UN +4.9%, SWI +4.1%, CS +3.9%, (light volume), WYNN +3.8%, RYL +3.4%,BIIB +2.8%, IMAX +2.7%, (light volume), DNKN +2.4%, CAKE +2.3%, SNY +2.3%, SHPG +2.3%, FAF +2.2% (light volume), EGHT +2% (light volume), AET +2%, CDNS +1.9% (light volume), AEM +1.9%, CTXS +1.8%, COP +1.5%, PG +0.8%.

M&A news: PSSI +32.7% (PSS World Med bought by MCK for $29/share in cash).

Select financial related names showing strength: DB +2.1%, HBC +1.9%, ING +1.1%, BAC +1%.

Metals/mining stocks trading higher: SVM +3.8%, IAG +3.2%, GOLD +2.8%, HL +2.7%, VALE +2.6%, BBL +2.5%, SLW +2%, ABX +1.9%, HMY +1.9%, GDX +1.5%, .

Other news: SVU +2.7% (continued strength), MGM +2% and LVS +1.6% (following WYNN results), NPSP +1% (positive mention on MadMoney), BA +0.8% (Barron's profiles positive view on Boeing), JAH +0.3% (positive mention on MadMoney).

Analyst comments: VRML +15.2% (Vermillion upgraded to Neutral from Sell at Ladenburg), CIEN +2.7% (upgraded to Outperform at FBR Capital)

Gapping down:
In reaction to disappointing earnings/guidance: DEXO -13%, CROX -11.7% (also downgraded to Neutral from Buy at Sterne Agee), FFIV -11.1%, LOGI -9.4%, TSCO -6.5%, CLF -6.5%, PDH -6.3% (thinly traded), BBY -6% (announces leadership changes to U.S. business: senior-most layer of U.S. operation being removed), FIO -5.9%, WRLD -5.6%, TER -5.3%, TRN -4.4%,TLAB -4.1% (light volume), SYNC -2.6%, UA -2.4%, SAN -1.1%, POT -1.1%, OFG -0.7% (announces the offering of 4,390,243 shares of common stock).

Other news: SPR -8.1% (recognizes third quarter charges for certain new programs; announces settlement of severe weather related insurance claim), OREX -3.6% (Orexigen Therapeutics announces public offering of common stock, size not disclosed), DHR -3.3% (announces sale of stock by Steven M. Rales), EXL -3.2% (Excel Trust announces public follow-on offering of 8.5 mln shares of common stock), FTE -2.6% (still checking).

Analyst comments: TQNT -3.4% (TriQuint downgraded to Neutral from Buy at Lazard Capital), GWAY -2.5% (downgraded to Market Perform from Outperform at Raymond James), FTI -0.8% (downgraded to Sell from Neutral at Goldman, upgraded at Jefferies)

Read more: http://www.briefing.com/Platinum/InDepth/InPlayFull.htm#ixzz2AJli4ox0