QCOM Calls Rise; Nasdaq Climbs Back
Stocks sloughed off their week-long election funk and moved higher Tuesday,
led mainly by a 5.8% jump in the Nasdaq. Internets were the day’s top-performing
sector while banking was the weakest.
At the close, the VIX had decreased 1.79 to 30.10.
The OEX 740 calls finished up 3 1/4 to 5.
Among bigger-movers on heavier-than-average volume:
Qualcomm
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QCOM |
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PowerRating) continued to work its way higher, gaining 5 5/16 to 80
3/8 while the QCOM December 75 calls rose 3 to 10 1/4.
QLogic
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PowerRating) had a big day, rising 19 13/16 to 120 7/8. The QLGC
November 120 calls added 4 1/4 to 5 on triple the average volume.
Interwoven
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PowerRating) gained 17 13/64 to 96 53/64 and was one of the tech
screamers of the day. The IWOV November 105 calls rose 2 5/8 to 3 1/8 on
quadruple average volume.
Cisco
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CSCO |
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PowerRating) gained 2 3/4 to 53 1/8 to help power the Nasdaq bounce. The
Cisco November 50 calls lifted 1 5/16 to 3 5/8 on more than 12,000 contracts.