Nortel Calls Rise; Stocks Close Mixed
Stocks finished mixed Tuesday as traders continue to wait for news from
Florida as to what way the election will go. Gold and silver was the day’s top
sector while Internets were the weakest.
At the close, the VIX was down 1.40 to 28.93.
The OEX December 740 calls closed up 5/8 to 9.
Among bigger movers on heavier-than-average volume:
Nortel Networks
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PowerRating) added to early gains and finished up 2 15/16 to 38
3/16 . The Nortel December 37 1/2 calls rose 1 1/4 to 3 1/2 on more than 6000
contracts.
Yahoo!
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PowerRating) fell 7 3/16 to 41 11/16 as weakness in the Internets
persisted. The Yahoo! December 40 puts gained 1 5/16 to 2 3/16 on more than 1100
contracts.
Also weak in the Nets was AOL
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PowerRating), which fell 4.09 to 43.00. The AOL
December 45 puts rose 1.95 to 4.10 on more than 6000 contracts.
Sun Microsystems
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PowerRating) gained 3 1/2 to 85 1/8 while the Sun December 90
calls rose11/8 to 5 on more than 8000 contracts.