Lucent Calls Jump; Stocks Higher
New strength in telecom and optimism over oil prices have rallied stocks
Thursday, as the Dow, Nasdaq, and S&P 500 have each risen by more than 1.4%.
Telecom and biotechs are the strongest sectors of the day while integrated oils
and gold and silver are the weakest.
At mid-day, the VIX has decreased 1.12 to 26.24.
The OEX October 760 calls have added 5 1/4 to 22 1/4.
Among bigger movers on heavier-than-average volume:
Also strong is Nortel Networks
PowerRating), which has gained 2 1/16 to 61 11/16
despite receiving a downgrade. The Nortel October 65 calls have risen 5/8 to 3
1/8 on double the average volume.
Procter & Gamble
PowerRating) has jumped 4 1/8 to 65 7/8 as defensive issues
perform well. The Procter & Gamble October 65 calls are up 1 3/8 to 2 7/16
on triple the average volume.