Micron Calls Fall; Nasdaq Sinks
A revenue warning from Dell helped sink the Nasdaq Thursday, as
semiconductors and Internets led the average down 1.4%. Health care and drugs
were the top sectors while semiconductors and gold and silver were the weakest.
At the close, the VIX had decreased .12 to 23.63.
The OEX 780 calls finished up 1/2 to 6 1/2.
Among bigger movers on heavier-than-average volume:
Micron
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PowerRating) topped earnings estimates but fell 6 to 40 15/16. The Micron
October 45 calls dropped 3 5/16 to 2 1/16 on more than 11,000 contracts.
America Online
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PowerRating) avoided the selloff and gained 2.50 to 61.15. The
AOL November 55 calls gained 2.70 to 8.60 on more than 11,000 contracts.
Qualcomm
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PowerRating) also turned in a solid performance, gaining 4 7/16 to 82
7/8. The QCOM October 80 calls rose 2 3/8 to 6 1/8 on heavier-than-average
volume.
Ariba
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PowerRating) gave back most of Wednesday’s gains, and sank 13 41/64 to
116 1/8. The Ariba October 150 calls fell 2 3/8 to 2 3/4.