Microsoft Calls Jump; Stocks Rally
Stocks are higher Wednesday following some better-than-expected earnings from
Compaq. The Nasdaq is even flirting with the 2900 level. Leading sectors of the
day include Internets and broker/dealers while gold and silver is the weakest.
At mid-day, the VIX has increased 1.02 to 24.88.
The OEX February 740 calls are up 1.70 to 6.30.
Among bigger movers on heavier-than-average volume:
AOL Time Warner
PowerRating) has gained 2.40 to 56.55 after announcing more than
2000 layoffs. The AOL February 60 calls have gained .50 to 1.45 on more than