CMRC Calls Jump; Stocks Edge Higher
Blue-chip stocks are higher Monday, as retailers, oil services and select
financials are helping boost the Dow and S&P 500 by about 0.5% each.
Semiconductors and Internets are helping the Nasdaq remain slightly in the green
while biotechs and airlines are showing weakness.
At mid-day, the VIX is up .30 to 20.99.
The OEX September 820 calls are unchanged at 4 7/8.
Among bigger movers on heavier-than-average volume:
Commerce One
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PowerRating) is helping pace a solid B2B sector with a gain of 5
5/8 to 77. The Commerce One September 70 calls are up 4 3/8 to 8 1/2 on more
than 4600 contracts.
In the broker/dealer arena, Goldman Sachs
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PowerRating) has risen 5 5/8 to 129 7/8
as strength in financials continues. The Goldman Sachs September 115 calls have
gained 2 1/2 to 15 1/4 on heavier-than-average volume.
J.P. Morgan
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PowerRating) has added 3 7/8 to 167 7/8 as traders wonder whether
the buyout trend in financials will continue. The J.P. Morgan September 165
calls have gained 1 1/2 to 6 1/4 on triple the average call volume,
In the semiconductors, Rambus
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PowerRating) has risen 6 7/8 to 82 9/16. The
Rambus September 70 calls have jumped 5 1/2 to 12 7/8 on quadruple the average
volume.