Sun Calls Shine; Nasdaq Soars
Semiconductors led the charge Thursday as the Nasdaq rallied 4.6% to post its
first "three-in-a-row" positive close since before Labor Day.
Chemicals were the weakest group of the day.
At the close, the VIX was down 1.34 to 28.81.
The OEX January 700 calls finished up .10 to 6.60.
Among bigger movers on heavier-than-average volume:
Sun Micro
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PowerRating) closed up 2 7/8 to 31 15/16 and was one of the key
Nasdaq winners. The SUNW January 30 calls rose 1 1/2 to 3 on more than 15,000
contracts.
WorldCom
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PowerRating) continued its rise, gaining 11/16 to 21 15/16. The WCOM
January 20 calls gained 7/16 to 2 3/16 on more than 11,000 contracts.
Gateway
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PowerRating) added 2.96 to 22.90 as box makers bounced. The Gateway
January 20 calls gained 2.40 to 3.30 on double average volume.
Ballard Power
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PowerRating) jumped 8 1/4 to 67 3/4 while the Ballard January 65
calls rose 4 1/16 to 5 on heavier-than-average volume.