Rambus Calls Tank; Stocks Mixed
Heavier-than-expected July home sales took away some of the early-morning
gains, leaving stocks mixed and roughly flat. Broker/dealers and technology are
the top sectors, while banks and airlines are the weakest.
At mid-day, the VIX has risen .79 to 19.02.
The OEX September 820 calls are down 2 3/8 to 17.
Among bigger movers on heavier-than-average volume:
Rambus
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PowerRating) has fallen 5 5/8 to 78 3/8 after news that Micron
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PowerRating)
is suing the chip maker. The RMBSÂ September 85 calls have plunged 3 to 3
1/2 on double the average volume.
Dell Computer
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PowerRating) continues to bounce back from its recent lows and
is up 1 to 40 1/2. The Dell September 35 calls are up 3/4 to 5 3/4 on more than
3000 contracts.
DLJ
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PowerRating) is pacing the broker/dealers and is up 5 3/4 to 71 11/16 while
the DLJ September 65 calls are up 4 7/8 to 9 1/4 on double average volume.
Eliant Corp.
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PowerRating) is up 7 1/4 to 85 1/8 while the ELNT September 80
calls have added 5 5/8 to 9 7/8 on triple the average volume.