Tellabs Calls Rise; Stocks Mixed

Stocks finished mixed Thursday as the Dow moved to its highest level in a
month and the Nasdaq gave up 2.4% of its recent gains. Gold and silver was the
day’s top sector while Internets were the weakest.

At the close, the VIX was up .01 to 26.46.

Among bigger movers on heavier-than-average volume:

Tellabs
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gained 2 3/4 to 48 7/16 despite announcing an earnings
warning. The TLAB June 50 calls jumped 1 to 6 1/4 on more than 9000 contracts.

Gateway
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fell .46 to 17.26 while the Gateway September 22 1/2 calls
eased .40 to 2.20 on heavier-than-average volume.

Dell Computer
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eased 1/8 to 1 13/16 while the Dell March 25 calls
are down 1/8 to 1 13/16 on more than 11,000 contracts.