Dell Calls Rise; Nasdaq Lifts
Stocks have held on to early gains Monday and are being led higher by renewed
strength in the semiconductors. Banks and broker/dealers are the weakest
segments.
At mid-day, the VIX has decreased .25 to 30.61.
Among bigger movers on heavier-than-average volume:
Dell Computer
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DELL |
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PowerRating) has gained 2 1/8 to 24 3/16 to help the techs. The
Dell March 25 calls have added 7/16 to 7/8 on more than 3000 contracts.
Juniper Networks
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PowerRating) is showing renewed strength and is up 4 13/32 to
58. The Juniper March 55 calls are up 2 to 8 1/8 on heavier-than-average volume.
In the chips, Novellus
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NVLS |
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PowerRating) has gained 3 1/2 to 44 7/16 while the NVLS
March 40 calls are up 1 1/2 to 5 1/4 on heavier-than-average volume.
Cisco
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PowerRating) has gained 7/8 to 23 1/16 while the Cisco March 25 calls
have gained 1/8 to 11/16 on more than 21,000 contracts.