Sycamore Calls Fly; Market Rallies
A weaker-than-expected June jobs report sparked a broad rally in stocks
Friday that took all three major averages up about 1.5% by the close.
At the end of trading, the VIX had decreased 2.28 to 21.92.
The OEX 800 calls ended up 4 3/8 to 13 7/8.
Among bigger movers on heavier-than-average volume:
Sycamore Networks
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PowerRating) added to early gains and finished up 16 3/4 to
126 15/16. The Sycamore July 130 calls rose 4 1/4 to 5 3/4 on five times the
average volume.
Dell Computer
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PowerRating) rose 2 15/16 to 50 11/16 while the Dell August 50
calls rose 1 3/8 to 3 5/8 on more than 11,000 contracts.
Internets remained under pressure, with Yahoo!
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PowerRating) falling 5 7/8 to
116 1/2. The Yahoo! July 130 puts jumped 4 5/8 to 16 1/8 on more than 8000
contracts.
Starbucks
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PowerRating) rose 3 3/4 to 41 13/16 while the Starbucks July 40
calls added 1 7/8 to 2 1/2 on quadruple average volume.
Looking ahead, the consumer credit numbers for June will be released Monday
at 3:00 PM ET.