Oracle Calls Rise; Stocks Ratchet Higher
An inflation-friendly employment report moved stocks higher
Friday, as stocks seemed to conclude that the past year’s Fed interest rate
hikes are cooling the economy. Oils and
retailers were the top sectors of the day while airlines and banks were the weakest.
By the close, the VIX had increased .31 to 19.59.
The OEX September 830 calls finished up 1 to 11 1/2.
Among bigger movers on heavier-than-average volume:
Ariba
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PowerRating) rose 8 7/8 to 166 1/4 as select B2Bs continued to perform
well. The Ariba September 160 calls gained 4 3/4 to 11 3/4 on triple the average
volume.
Yahoo!
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PowerRating) fell 7 9/16 to 113 15/16 while the Yahoo! September 120 calls
finished down 3 1/4 to 3 1/8 on more than 4500 contracts.
Sapient
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PowerRating) plunged 7 3/4 to 44 3/4 while the Sapient September 50
calls fell 3 3/4 to 2 on triple the average volume.
Oracle
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PowerRating) moved to all-time highs, gaining 1 11/16 to 92 5/8. The
Oracle September 85 calls rose 1 3/4 to 9 1/4 on quadruple average volume.