PSFT Calls Fly; Stocks Mixed

Blue chips gained and the Nasdaq faded Thursday following a weekly jobless
report that showed a big jumped in new jobless claims. Oil services were the
day’s top sector while semiconductors were the weakest.

At the close, the VIX was down 1.70 to 29.57.

Among bigger movers on heavier-than-average volume:

Peoplesoft
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rose 6.69 to 36.62 on a strong earnings report. The
PSFT May 25 calls ended up 4.30 to 11.30 on heavier-than-average volume.

Advanced Micro
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rose .61 to 27.51 while the AMD May 25 puts eased
.35 to 1.15 on more than 20,000 contracts.

Texas Instruments
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fell .53 to 34.50 while the TXN June 35 puts
added .60 to 4.20 on more than 2000 contracts.