Ariba Calls Jump; Stocks Mixed
Stocks are mixed Thursday following an inflation-tame set of economic
numbers. Internets and semiconductors are the strongest sectors while consumer
stocks are the weakest.
At mid-day, the VIX has increased .65 to 20.83.
The OEX September 810 calls are up 1/8 to 1 7/8.
Among bigger movers on heavier-than-average volume:
B2B Ariba
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PowerRating) has gained 9 7/16 to 156 7/16 as Internets are showing
strength. The Ariba September 155 calls have gained 3 7/8 to 4 7/8 on
heavier-than-average volume.
Conexant
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PowerRating) has jumped 13 1/4 to 50 5/16 on news the company will
spin off its Internet infrastructure business. The CNXT September 40 calls have
soared 90 1/2 to 10 1/8 on five times the average volume.
Wireless giant Nokia
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NOK |
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PowerRating) has gained 1 7/16 to 44 15/16 while the Nokia
September 40 calls have added 1 3/8 to 4 7/8 on heavy call volume of more than
12,000 contracts.
Cisco
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PowerRating) is up 1 5/8 to 62 5/16 to help pace the Nasdaq gains. The
Cisco September 60 calls are up 1 1/8 to 3 1/4 on more than 10,000 contracts.