eBay Calls Rise; Stocks Mixed
Stocks ended mixed Wednesday, as the Nasdaq fought its way back from a strong
downswing to post a positive close, but the Dow and S&P 500 were not so
lucky, falling 0.9% and 0.6%, respectively.
At the close, the VIX has increased .59 to 22.70.
The OEX 790 calls finished down 2 to 15 1/2.
Among bigger movers on heavier-than-average volume:
eBay
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PowerRating) soared 10 7/8 to 76 9/16 after an upgrade from Salomon Smith
Barney. The eBay October 80 calls rose 3 3/4 to 5 on ten times the average call
volume.
Dell Computer
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PowerRating) gained 2 1/4 to 38 9/16, posting solid gains along
with several other of the big-cap techs. The Dell October 35 calls rose 1 3/4 to
4 1/2 on more than 7000 contracts.
PurchasePro
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PowerRating) rose 11 3/8 to 73 1/8 following an analyst upgrade.
The PurchasePro October 80 calls finished up 3 1/8 to 5 on more than 740
contracts.
Intel
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PowerRating) helped the Nasdaq stage its late-day rally and gained 2
11/16 to 63 1/16. The Intel October 65 calls added 13/16 to 3 on more than
12,000 contracts.
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