Broadcom Calls Rise; Stock Finish Mixed
Stocks finished mixed Thursday following an inflation-friendly set of
economic numbers that suggested that the Fed may be through raising interest
rates. Internets and oil services were the strongest sectors while gold and
silver was the weakest.
At the close, the VIX had decreased .71 to 20.29.
The OEX September 805 calls finished down 2 1/2 to 1 1/8.
Among bigger movers on heavier-than-average volume:
Broadcom
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PowerRating) jumped 18 1/16 to 236 9/16 while the Broadcom September
230 calls rose 6 1/8 to 7 1/4 on triple the average volume.
Chase Manhattan
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PowerRating) eased 3/16 to 50 1/2 while the Chase Manhattan
September 50 calls slipped 7/8 to 9/16 on more than 7800 contracts.
Conexant
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PowerRating) added to early gains to finish up 15 9/16 to 52 5/8. The
CNXT September 45 calls soared 7 7/16 to 7 5/8 on more than 1500 contracts.
Wireless giant Nokia
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PowerRating) gained 3/4 to 44 1/4 while the Nokia September
40 calls have added 1 to 4 1/2 on heavy call volume of more than 12,000
contracts.