CMGI Calls Jump; Stocks Finish Mixed
Weakness in blue chips caused the Dow and S&P 500 to finish lower
Wednesday while the Nasdaq gained 1.0% in a session that saw renewed strength in
Internets. Net stocks and insurance were the top sectors of the day while
retailers and transports were the weakest.
By the close, the VIX had increased .67 to 19.59.
The OEX September 830 calls ended down 4 1/2 to 8.
Among bigger movers on heavier-than-average volume:
B2Bs paced the Net gainers, with Commerce One
PowerRating) rising 10 7/8 to 63
1/4. The Commerce One September 50 calls rose 9 to 13 7/8 on more than quadruple
Wireless company Puma Technologies
PowerRating) rallied late in the day to
gain 3 55/64 to 25 31/64. The Puma September 25 calls jumped 1 11/16 to 2 5/16
on quadruple the average call volume.