Intel Calls Rise; Nasdaq Rallies
On the heels of several high-profile, better-than-expected earnings reports
stocks staged a broad rally Tuesday that was led by a 3% gain in the Nasdaq.
At the close, the VIX had decreased 2.03 to 23.91.
The OEX February 740 calls ended unchanged at 4.60.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) turned on the juice, gaining 2 to 35 3/8 while the Intel
February 35 calls gained 11/16 to 1 15/16 on more than 16,000 contracts.
Texas Instruments
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PowerRating) had some disappointing earnings news and fell 3
9/16 to 45 while the TXN February 50 calls fell 1 7/8 to 1 1/2 on more than 7000
contracts.
Open Wave
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PowerRating) was on of the day’s tech zingers, rising 13 to 66 1/4.
The OPWV February 70 calls rose 4 3/4 to 7 1/8 on more than 1300 contracts.
American Power Conversion
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PowerRating) rose 1 13/16 to 18 1/4 while the APCC
February 17 1/2 calls added 13/16 to 2 on more than 6800 contracts.