Oracle Calls Active; Stocks Slip

Stocks are mildly lower Friday despite some encouraging numbers that showed
home sales falling 9.8% in July. The top sectors of the day are forest and
paper products and gold and silver while the weakest are oil services and
semiconductors.

At mid-day, the VIX is up .37 to 19.47.

The OEX 820 calls are down 1 to 17.

Among bigger movers on heavier-than-average volume:

Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating)
is up 1 to 85 11/16 while the Oracle September 80 calls
are up 1 to 8 on big option volume of more than 10,000 contracts.

In the B2B space, Commerce One
(
CMRC |
Quote |
Chart |
News |
PowerRating)
is up 2 7/8 to 52 3/16 while the
September 45 calls are up 2 3/8 to 9 on ten times the average volume.

Apple Computer
(
AAPL |
Quote |
Chart |
News |
PowerRating)
is up 1 1/64 to 57 1/8 while the Apple September
60 calls are up 9/16 to 1 9/16 on more than 3500 contracts.

Voice recognition software maker Lernout & Hauspie
(
LHSP |
Quote |
Chart |
News |
PowerRating)
is down 3
7/16 to 31 1/4 on news the company’s chairman will step down. The LHSP September
30 puts have jumped 1 1/2 to 2 1/4 on more than 2000 contracts.