WCOM Calls Rise; Stocks Mixed
Blue chips are higher and technology stocks are lower Wednesday as the market
digests what appears to be a Bush victory. Drugs are the day’s top sector while
semiconductors are the weakest.
At mid-day, the VIX has decreased 2.32 to 25.96.
The OEX December 730 calls are down 5 to 6.50.
Among bigger movers on heavier-than-average volume:’
WorldCom
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PowerRating) is helping a resurgent telecom sector with a gain of 3/4
to 18 3/8. The WCOM January 01 17 1/2 calls are up 9/16 to 2 5/8 on more than
10,000 contracts.
Lucent
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PowerRating) is also strong, rising 1 11/16 to 20 3/8. The Lucent December
20 calls are up 5/8 to 1 1/8 on more than 6000 contracts.
Electronic Arts
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PowerRating) is up 1 1/4 to 42 15/16 on news the company will
develope games with Microsoft. The ERTS January 45 calls are up 7/8 to 4 5/8 on
more than 6000 contracts.
Phillip Morris
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PowerRating) is up 1 11/16 to 40 9/16 while the MO January 02 35
calls have added 1 5/8 to 9 7/8 on more than 4000 contracts.