Nokia Calls Jump; Nasdaq Surges
Stocks moved sharply higher Tuesday following some positive comments by Fed
Chair Alan Greenspan that seemed to point to a neutral inflation bias. Internets
were the day’s top sector while gold and silver was the weakest.
At the close, the VIX had fallen 3.37 to 26.94.
The OEX December 730 calls rose 8.30 to 12.30.
Among bigger movers on heavier-than-average volume:
Nokia
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NOK |
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PowerRating) soared 6 13/16 to 51 3/8 and is trading back up to its
highest levels since July. The Nokia December 45 calls rose 4 7/8 to 6 3/4 on
more than 5000 contracts.
Qualcomm
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QCOM |
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PowerRating) added to early gains and finished up 9 5/8 to 99 5/8.
The Qualcomm December 100 calls rose 3 1/4 to 5 1/4 on more than 12,000
contracts.
Inktomi
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INKT |
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PowerRating) zoomed 12 1/2 to 34 7/16 to lead the Internets as the
day’s top sector. The Inktomi December 35 calls rose 2 3/4 to 3 on more than
quadruple average volume.
Phillip Morris
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MO |
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PowerRating) rose 7/8 to 38 9/16 while the Phillip Morris March 01
40 calls gained 3/8 to 2 7/8 on more than 8000 contracts.