Lucent Calls Rise; Stocks End Mixed
Stocks ended mixed Tuesday with the Dow higher and the Nasdaq lower as
traders continue to wait for a final ruling from the Supreme Court. Telecom was
the day’s top sector while semiconductors were the weakest.
At the close, the VIX had increased 1.79 to 28.30.
The OEX December 740 calls are down .90 to 6.50.
Among bigger movers on heavier-than-average volume:
Lucent
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PowerRating) rose 2 to 18 11/16 to help propel the telecom group. The
Lucent December 20 calls ended up 7/16 to 1/2 on more than 10,000 contracts.
Worldcom
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PowerRating) held on to early gains and finished up 1 1/4 to 17 5/8.
The WCOM December 15 calls closed up 1 3/16 to 2 11/16 on more than 8000
contracts.
Storage leader EMC
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PowerRating) fell 7 7/8 to 82 1/8 while the EMC December 85
puts jumped 3 1/2 to 4 1/2 on more than 3000 contracts.
Ariba
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PowerRating) sank 10 3/16 to 76 11/16 in a weak B2B sector. The Ariba
December 75 pyts jumped 2 3/4 to 3 3/8 on more than triple average volume.