QCOM Calls Jump; Market Soars
Stocks are sharply higher Tuesday following some positive comments by Fed
Chair Alan Greenspan that seemed to point to a neutral inflation bias. Internets
are the day’s top sector while gold and silver is the weakest.
At mid-day, the VIX is up 2.21 to 28.10.
The OEX December 750 calls are up 3.05 to 4.30.
Among bigger movers on heavier-than-average volume:
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) is up 7 1/2 to 97 1/2 to its highest levels since May.
The QCOM January 01 calls are up 3 5/8 to 10 1/8 on more than 24,000 contracts.
Network Appliance
(
NTAP |
Quote |
Chart |
News |
PowerRating) is up 14 3/8 to 72 1/4 and is one of the
biggest tech movers of the day. The NTAP December 70 calls are up 5 5/8 to 6 7/8
on more than 1300 contracts.
Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating) is up 4 3/4 to 49 5/16 and is trading back up to is highest
levels since July. The Nokia December 50 calls are up 1 7/16 to 1 3/4 on more
than 5000 contracts.
Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating) is trading up 1 11/16 to 40 11/16 in a strong
banking group. The BAC February 01 42 1/2 calls are up 3/4 to 2 3/4 on more than
5000 contracts.