Brocade Calls Rise; Stocks Rally
All three major averages posted solid gains Wednesday in a broad-based rally
led by retailers and semiconductors.
At the close, the VIX had decreased .32 to 32.22.
The OEX January 720 calls ended up 1.00 to 9.30.
Among bigger movers on heavier-than-average volume:
Brocade
(
BRCD |
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PowerRating) gained 4 1/16 to 88 7/8 along with the resurgent tech
sector. The BRCD January 85 calls added 3 1/8 to 10 3/4 on more than 5000
contracts.
Network Associates
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PowerRating) sank 7 1/4 to 4 1/2 after issuing an earnings
warning. The NETA January 10 puts soared 4 15/16 to 5 5/8 on
heavier-than-average volume.
Krispy Kreme
(
KREM |
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PowerRating) rose 6 1/2 to 79 to reverse its recent slide. The
KREMJanuary 75 calls rose 4 1/16 to 6 7/8 on heavier-than-average volume.
Yahoo
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YHOO |
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PowerRating) fell 1 7/16 to 29 3/4 while the Yahoo February 30 calls
slipped 3/4 to 5 1/2 on more than 5000 contracts.