Gateway Calls Jump; Stocks Bounce
Stocks have bounced off of oversold levels Friday, as all three major indexes
are solidly higher despite a round of stronger-than-expected economic numbers.
Semiconductors and banks are the day’s top sectors, while oil services and
chemicals are the weakest.
At mid-day, the VIX is down 1.12 to 33.89.
The OEX October 35 calls are up 2 1/2 to 6 1/4.
Among bigger movers on heavier-than-average volume:
Gateway
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PowerRating) has jumped 7.37 to 51 after matching earnings expectations.
The Gateway October 50 calls are up 1.80 to 3.00 on triple-the-average volume.
Cisco
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PowerRating) has bounced back 2 5/8 to 52 7/16 to help propel the
Nasdaq. The Cisco November 50 calls are up 1 1/8 to 6 3/4 on more than 7000
contracts.
DoubleClick
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PowerRating) has fallen 5 3/4 to 12 3/8, despite meeting earnings
estimates. The DoubleClick October 17 1/2 puts have jumped 3 1/4 to 5 1/4 on
heavier-than-average volume.
Citigroup
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PowerRating) has gained 2 1/4 to 49, as banks rally from Thursday’s
decline. The Citigroup October 45 calls are up 1 3/8 to 4 1/8 on more than 5000
contracts.