Ciena Calls Spike; Stocks Move Higher
Semiconductor stocks powered a Nasdaq rally Thursday that took the average up
2% to within 5 points of its 200-day moving average. Biotechs and broker/dealers
were also solid performers, while transportations and airlines faced selling
At the close, the VIX had decrease .63 to 20.04.
The OEX 815 calls finished up 3/4 to 2 7/8.
Among bigger movers on heavier-than average volume:
PowerRating) saw a big increase in call volume as the Intel August 70
calls gained 5/8 to 1 on more than 20,000 contracts. Intel finished the session
up 2 to 70 1/16.