Intel Calls Spike; Stocks Rally
Stocks staged a dramatic rally Thursday a day ahead of a very closely watched
employment report that may determine whether we see an inter-meeting rate cut
from the Fed. Internets were the day’s top sector while gold and silver was the
weakest.
At the close, the VIX had fallen 4.09 to 34.98.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) rose 3 to 25 5/8 while the Intel April 25 calls added 1
3/16 to 1 15/16 on more than 29,000 contrats.
PMC Sierra
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PowerRating) rose 3.40 to 22.52 while the PMCS April 20 calls
gained 2.20 to 4.10 on more than 3000 contracts.
Cisco
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PowerRating) rose 1 1/4 to 14 15/16 while the Cisco April 12 1/2 calls
added 7/8 to 2 7/8 on more than 20,000 contracts.