Sun Calls Rise; Nasdaq Rallies
Stocks sloughed off earnings concerns mentioned by Cisco and AT&T, and
the Nasdaq booked a solid 2% gain. Telecom was the day’s top sector, and gold
and silver was the weakest.
At the close, the VIX had decreased .22 to 24.92.
The OEX February 710 calls ended unchanged at 15.50.
Sun Micro
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PowerRating) turned in a good day with a gain of 2 3/8 to 33 9/16.
The SUNW February 30 calls gained 1 5/8 to 4 1/4 on more than 5000 contracts.
Qualcomm
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PowerRating) also scored big, rising 5 13/16 to 86 13/16. The QCOM
February 80 calls rose 3 5/8 to 9 3/8 on more than 7200 contracts.
Broadcom
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PowerRating) added 1/4 to 110 1/4 while the BRCM February 130 calls
eased 1 to 4 on more than 8000 contracts.
Xerox
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PowerRating) bounced 1.07 to 7.94 while the Xerox July 10 calls added .45
to 1.20 on more than 15,000 contracts.