Micron Calls Jump; Stocks End Mixed
The Nasdaq managed to climb back above 4000 Tuesday in a mixed session that
left the Dow and S&P 500 in the red. Leading sectors of the day included
Internets and semiconductors while lagging sectors include chemicals and oil
consumer stocks.
By the end of trading, the VIX had increased .72 to 23.52.
The OEX 810 calls finished down 1 to 15 1/2.
Among bigger movers on heavier-than-average volume:
Micron
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PowerRating) added to early gains and finished up 8 7/16 to 89 15/16. The Micron
July 85 calls rose 4 1/4 to 10 on quadruple the average volume.
In the Internet sector, America Online
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PowerRating) jumped 3 3/8 to 57 7/8 while
the AOL July 60 calls rose 1 1/16 to 2 5/16 on nearly 10,000 contracts.
Internet portal Go2Net
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PowerRating) rose 8 13/16 to 49 15/16 while the Go2Net
July 50 calls added 3 5/8 to 5 1/8 on triple the average volume.
Carnival Corp
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PowerRating) plumged 4 11/16 to 18 11/16 while the CCL July 20
puts bounced 1 3/4 to 2 1/8 on quadruple the average volume.
Looking ahead, the week’s economic news is light as traders look ahead to
Thursday’s weekly unemployment numbers at 8:30 AM ET for more clues as to the
Fed’s inclination about rates next week.