Intel Calls Shine; Nasdaq Bounces
Weaker than expected August housing starts has helped give the Nasdaq a
bounce back from Monday’s slide. Semiconductors and insurance are the day’s top
sectors while retailers and forest and paper products are the weakest.
At mid-day, the VIX is down .30 to 22.71.
The OEX October 800 calls are up 1 1/2 to 12 1/4.
Among bigger movers on heavier-than average volume:
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) is leading the Nasdaq bounce with a gain of 3 1/8 to 58
15/16. The Intel October 57 1/2 calls are up 1 3/8 to 5 on more than 1200
contracts.
Bristol Myers Squibb
(
BMY |
Quote |
Chart |
News |
PowerRating) has gained 1 3/8 to 54 7/8 while the BMY
Novemeber 55 calls have risen 5/8 to 3 3/4 on more than 5000 contracts.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) has added 4 3/4 to 74 9/16 while the QCOM October 45
calls have gained 3 to 8 3/4 on more than 7400 contracts.
Cobalt Networks
(
COBT |
Quote |
Chart |
News |
PowerRating) is up 14 1/4 to 55 3/8 on news that Sun
Microsystems will buy the company. The Cobalt October 45 calls have added 5 5/8
to 11 1/4 on heavier-than-average volume.