Intel Calls Jump; Stocks Rally
Stocks have bounced sharply from oversold levels Thursday following positive
words from Dell and yet more signs of increasing unemployment.
At mid-day, the VIX has decreased 1.76 to 37.31.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) has jumped 2 1/8 to 24 3/4 as semis get a boost. The Intel
April 25 calls have added 3/4 to 1 1/2 on more than 29,000 contracts.
Microsoft
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PowerRating) has gained 2 11/16 to 54 5/8 while the MSFT April 60
calls have gained 3/8 to 7/8 on more than 16,000 contracts.
Ciena
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PowerRating) has jumped 3 9/16 to 38 9/16 while the Ciena April 50 calls
have risen 3/8 to 1 1/8 on more than 14,000 contracts.