Broadcom Calls Rise; Nasdaq Sizzles
The Nasdaq enjoyed a late-session rally led by big-cap technology stocks that
took the average 2.3% higher by the close. Joining the Nasdaq in the green were
the Dow and S&P 500, with each adding 0.5% and 0.8%, respectively.
By the close, the VIX had increased .24 to 22.26.
The OEX 790 calls ended the day up 4 to 14.
Among bigger movers on heavier-than-average volume:
Broadcom
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PowerRating) soared 14 3/16 to 218 15/16 ahead of being added to the
S&P 500 after the close. The Broadcom July 200 calls rose 6 1/8 to 25 1/8 on
quadruple the average volume.
3Com
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PowerRating) rose 5 1/16 to 57 5/8 while the 3Com July 60 calls rose 1
3/8 to 2 5/16 on heavier-than-average volume.
Cisco
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PowerRating) was one of the late-session runners, adding 2 3/8 to 63
9/16 for the day. The Cisco July 60 calls gained 1 1/8 to 5 on double average
volume.
Exxon Mobil
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PowerRating) sank 2 45/64 to 78 1/2 while the Exxon Mobil July 80
puts added 2 to 3 1/8.
Looking ahead, keep in mind that Monday is a holiday-shortened trading
session that closes at 1:00 PM ET.