Intuit Calls Jump; Stocks Mixed
Big cap technology stocks are helping the Nasdaq move into positive territory
Wednesday while the Dow remains slightly in the red. Oils, oil services and
semiconductors are the top sectors of the day, and airlines and transportations
are the weakest.
At mid-day, the VIX has increased .41 to 20.03.
The OEX September 820 calls are up 1 1/8 to 16 7/8.
Among bigger movers on heavier than average volume:
Intuit
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PowerRating) has jumped 7 7/16 to 53 1/2 after posting
better-than-expected earnings. The Intuit September 50 calls have gained 3 3/4
to 5 7/8 on triple the average volume.
Siebel Systems
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PowerRating) has fallen 12 11/16 to 159 5/16 on worries about
competitive pressures from Oracle. The Siebel September 160 puts have jumped 5
7/8 to 10 7/8 on quadruple average volume.
Merrill Lynch
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PowerRating) is giving back some of its recent gains, falling 2
7/32 to 141 5/16. The Merrill Lynch January 01 140 calls are down 3 1/8 to 16
3/8 on more than 18,000 contracts.
Internet company Inktomi
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INKT |
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PowerRating) is up 7 7/8 to 119 1/2 while the Inktomi
September 135 calls have risen 1 1/2 to 3 1/8 on triple the average volume.