Peoplesoft Calls Jump; Stocks Bounce
Stocks are enjoying a nice bounce back following a rough week of Presidential
indecision. Internets are the top sector of the day while chemicals are the
weakest.
At mid-day, the VIX is down 1.52 to 30.37.
The OEX November 740 calls are up 1 7/8 to 3 5/8.
Among bigger movers on heavier-than-average volume:
Peoplesoft
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PowerRating) is up 6 1/16 to 43 9/16, reversing its four-day
pullback. The Peoplesoft November 40 calls have gained 3 3/16 to 4 on quadruple
average volume.
Oracle
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PowerRating) is up 2 3/4 to 27 1/2 while the Oracle November 25 calls
are up 1 11/16 to 3 on more than 6000 contracts.
In the B2Bs, Commerce One has bounced 6 1/2 to 58 5/16 while the CMRC
November 60 puts have fallen 4 1/2 to 4 1/8 on more than 3000 contracts.
Sun Microsystems
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PowerRating) is up 6 11/16 to 92 to help lead a rebounding
Nasdaq. The Sun November 90 calls are up 2 1/8 to 4 1/8 on more than 3000
contracts.