Amgen Calls Rise; Stocks Flat
Stocks turned in a relatively flat day despite an earnings warning from Dell.
Gold and silver and biotechs were the strongest sectors
while telecom and semis were the weakest sectors.
At the close, the VIX was down .35 to 25.94.
The OEX February 720 calls ended down .10 to 11.00.
Among bigger movers on heavier-than-average volume:
Amgen
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PowerRating) jumped 7 5/8 to 67 5/8 following a victory in a patent
lawsuit. The AMGN February 75 calls added 7/8 to 1 3/8 on more than 8000
contracts.
Cisco
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PowerRating) gained 1 1/16 to 41 7/16 while the Cisco February 40 calls
added 1/2 to 4 on more than 6800 contracts.
Ariba
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PowerRating) lost 1 7/16 to 36 13/16 as B2Bs were under pressure. The
Ariba February 45 calls fell 1 to 1 7/8 on more than 6900 contracts.
American Express
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AXP |
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PowerRating) lost 3 5/8 to 45 and was the biggest Dow loser.
The AXP February 45 puts gained 1 1/4 to 2 1/4 on more than 1200 contracts.