AT&T Calls Rise; Nasdaq Rallies
Semiconductors are pacing a 2.6% Nasdaq rally Thursday which many traders
have welcomed given the negative comments made Wednesday by both Yahoo! and
Motorola. The Dow remains in the red, though, as chemicals and drugs have
weakened.
At mid-day, the VIX is down .69 to 29.46.
The OEX January 700 calls are down .20 to 6.30.
Among bigger movers on heavier-than-average volume:
AT&T
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PowerRating) is up 1 1/8 to 24 1/4 to its highest levels since October. The
AT&T January 22 1/2 calls are up 3/4 to 2 on more than 5000 contracts.
Philip Morris
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PowerRating) has lost some of its recent luster and is down 2 1/2 to
41 5/8. The Philip Morris January 35 calls are down 2 3/8 to 7 1/8 on more than
10,000 contracts.
Sun Micro
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PowerRating) is up 1 27/32 to 31 to help push the Nasdaq higher. The
SUNW January 30 calls are up 1/2 to 2 on more than 6500 contracts.
Bank of America
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PowerRating) is up 11/16 to 49 5/16 in a strong banking group.
The BAC January 50 calls are up 3/8 to 1 1/8 on more than 5000 contracts.