eBay Calls Jump; Stocks Slip
Stocks finished mixed Wednesday following July CPI numbers that showed little
sign of inflationary pressures. Oil services and gold and silver were the
top-performing groups of the day while broker/dealers and retailers are the
weakest.
At the close, the VIX had decreased .26 to 20.71.
The OEX August 810 calls finished down 3 1/8 to 3 7/8.
Among bigger movers on heavier-than-average volume:
eBay
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PowerRating) jumped 5 5/8 to 57 1/2 after receiving an analyst upgrade.
The eBay August 55 calls rose 2 9/16 to 3 1/8.
General Motors
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PowerRating) was one of the top Dow stocks, rising 1 1/8 to 64
11/16. The GM August 60 calls lifted 7/8 to 4 5/8 on more than 6800 contracts.
Immunex
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PowerRating) slipped 6 3/4 to 40 5/16 as biotechs weakened. The
Immunex August 45 puts jumped 4 to 4 7/8 on more than triple the average volume.
Analog Devices
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PowerRating) added to early gains and finished up 11 1/8 to 94.
The Analog Devices August 60 calls are up 13 1/2 to 30 on more than 5000
contracts.