Dell Calls Rise; Market Ends Mixed
Stocks finished mixed Wednesday following an inflation-friendly Consumer Price Index report. The May CPI posted a 0.1% increase which was smaller than the 0.2% increase
analysts expected while the closely-watched core rate came in at the expected
0.2%.
At the close, the VIX had increased .14 to 24.51.
The OEX June 795 calls ended the day down 1 3/4 to 4 1/4.
Among bigger movers on heavier-than-average volume:
Dell Computer
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PowerRating) rose 1 1/8 to 49 7/8 after Bear Sterns reiterated
its buy recommendation on the company. The Dell June 40 calls added 1 5/8 to 6
3/4 on five times the average volume.
SBC Communications
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PowerRating) rose 1 7/8 to 49 7/8 after an analyst upgrade.
The SBC July 45 calls gained 1 3/4 to 6 on five times the average volume.
TiVo
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PowerRating) soared 12 15/64 to 33 51/64 on news of an alliance with AOL.
The TiVo June 25 calls jumped 8 9/16 to 8 7/8 on six times the average volume.
Microsoft
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PowerRating) held on to early gains to close up 2 5/8 to 70 1/2
following word that the company’s antitrust case will move on to the U.S.
Circuit Court of Appeals. The Microsoft July 70 calls finished up 1 1/4 to 4 1/8
on nearly 13,000 contracts.
Looking ahead, the May industrial production and capacity utilization numbers
are due out Thursday at 9:15 AM ET.