Adobe Calls Rise; Nasdaq Soars
The Nasdaq added to its early bounce back from Monday’s slide and surged into
the close Tuesday for a 3.7% gain. Semiconductors and networkers were the day’s top
sectors while integrated oils and forest and paper products were the weakest.
At the close, the VIX was down .98 to 22.03.
The OEX October 800 calls ended up 2 to 12 3/4.
Among bigger movers on heavier-than average volume:
Adobe Systems
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PowerRating) soared 10 7/8 to an all-time high 152 7/8. The
Adobe November 170 calls rose 3 7/8 to 10 on more than 6000 contracts.
Qualcomm
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PowerRating) had a stellar day, gaining 7 11/16 to 77 1/2 while the QCOM October
70 calls have gained 4 7/8 to 10 5/8 on more than triple average volume.
JDS Uniphase
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PowerRating) rose 10 1/8 to 107 15/16 while the JDSU October 120
calls gained 2 3/16 to 3 3/4 on double the average volume.
Micron
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PowerRating) paced the SOX with a gain of 6 11/16 to 65 3/16 while the
Micron October 80 calls gained 13/16 to 1 1/2 on more than 13,000 contracts.