General Electric Calls Rise; Blue Chips Rally
Blue Chips rallied following the release of Consumer Confidence numbers that
were the weakest in four years. Chemicals were the day’s top sector, and
biotechs were the weakest.
At the close, the VIX had increased .06 to 24.99.
The OEX February 720 calls ended up 2.80 to 13.20.
Among bigger movers on heavier-than-average volume:
Market bellwether General Electric
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PowerRating) gained 1.87 to 46.25 while the GE
March 45 calls rose .85 to 3.60 on volume of nearly 9000 contracts.
Brocade
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PowerRating) fell 6 7/16 to 98 1/2 while the Brocade March 115 calls
lost 4 1/4 to 5 3/4 on heavier-than-average volume.
America Online
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PowerRating) lost .69 to 54.31 while the AOL March 50 puts rose
.45 to 240 on more than 28,000 contracts.
Schering-Plough
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PowerRating) gained 1.15 to 49.90 to help out the drug sector.
The SGP August 45 calls slipped 2.52 to 8.60 on more than 7000 contracts.