J.P. Morgan Calls Jump; Nasdaq Rebounds
The Nasdaq has bounced back from Monday’s 2% decline and is trading up 1.5%.
Biotechs and Internets are the top-performing sectors while broker/dealers and
forest and paper products are the laggards.
At mid-day, the VIX has decreased .14 to 20.82.
The OEX September 810 calls are down 1 1/4 to 5 1/4.
Among bigger movers on heavier-than-average volume:
J.P. Morgan
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PowerRating) is up 5 5/16 to 174 9/16 and is the top Dow performer
of the day. The J.P. Morgan September 175 calls are up 2 9/16 to 4 7/8 on more
than 5000 shares.
Qualcomm
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PowerRating) is up 4 1/2 to 62 5/8 on a big bounce following Monday’s
decline. The QCOM September 60 calls have jumped 2 1/16 to 3 1/4 on more than
1500 contracts.
Internet advertisement leader DoubleClick
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PowerRating) is up 4 to 37 3/4 in
the rebounding Internet group. The DoubleClick September 35 calls have added 2
to 3 1/8 on double average volume.
Ballard Power Systems
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PowerRating) is up 8 7/8 to 118 3/4 in the strong fuel
cell group. The Ballard September 115 calls have soared 5 5/8 to 6 1/2 on
quadruple the average volume.
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