Micron Calls Rise; Nasdaq Surges
A Nasdaq rally has taken the average up more than 4% Tuesday as Internets and
semiconductors lead the way. Gold and silver and insurance are the weakest
sectors.
At mid-day, the VIX is down 1.07 to 26 72.
The OEX 740 calls are up 3 7/8 to 18.
Among bigger movers on heavier than average volume:
Micron
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PowerRating) is up 3 3/16 to 35 7/8 and is helping to power a SOX rally.
The Micron November 30 calls are up 1 1/2 to 6 5/8 on more than 10,000
contracts.
Nortel
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PowerRating) is getting a solid bounce, rising 4 to 44. The Nortel November
45 puts are down 1 1/2 to 1 3/4 on more than 5000 contracts.
Ariba
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PowerRating) has added 12 1/4 to 124 5/16 as B2Bs bounce back. The Ariba
November 135 calls are up 2 7/8 to 8 1/2 on more than double average volume.
Staples
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PowerRating) has jumped 2 to 15 while the Staples November 12 1/2
calls are up 1 9/16 to 2 1/2 on heavier-than-average volume.