Rambus Calls Rise; Stocks Rally
Stocks staged a broad-based rally Friday as the Nasdaq ended its
seven-week losing streak. Banks were the day’s top sector while gold and silver
was the weakest.
At the close, the VIX had decreased 4.79 to 34.91.
Among bigger movers on heavier-than-average volume:
Rambus
(
RMBS |
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PowerRating) gained 2.60 to 25.55 while the Rambus April 25 calls
gained .80 to 4.70 on more than 1300 contracts.
Broadcom
(
BRCM |
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PowerRating) fell 3 3/4 to 34 1/8 while the Broadcom April 45 calls
lost 15/16 to 1 7/16 on more than 1000 contracts.
Comverse Technology
(
CMVT |
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PowerRating) gained 3 3/16 to 66 3/16 while the CMVT April
75 calls rose 7/16 to 3 1/4 on heavier-than-average volume.