Sun Micro Calls Jump; Stocks End Mixed
Blue chips took a breather Tuesday, sending the Dow down 1% and the S&P
500 down 0.5%. The Nasdaq, however, managed to hang on to a 2 point gain.
Semiconductors and Internets were the day’s top sectors while broker/dealers and
retailers were the weakest.
By the close, the VIX had increased .62 to 20.97.
The OEX August 815 calls ended down 2 3/8 to 4 5/8.
Among bigger movers on heavier-than-average volume:
Sun Microsystems
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PowerRating) touched all-time high territory and finished up
3 5/16 to 117 3/8. The Sun August 115 calls rose 2 1/4 to 3 3/4 on nearly 9000
contracts.
Bristol Meyers
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PowerRating) gave up some early gains but still finished up 1 7/8
to 52 1/2. The Bristol Meyers September 55 calls gained 1 to 1 15/16 on more
than 5000 contracts.
Procter & Gamble
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PowerRating) jumped 2 3/4 to 62 while the Procter &
Gamble August 60 calls rose 1 1/2 to 2 on more than 10 times the average volume.
CachFlow
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PowerRating) was one of the day’s top gainers, rising 11 7/16 to 93
15/16. The CacheFlow August 90 calls added 4 3/16 to 5 3/8 on 800 contracts.