Texas Instruments Calls Rise; Nasdaq Surges
A booming tech rebound took the Nasdaq up 5.6% Tuesday as Internets and
semiconductors led the way. Gold and silver and insurance were the weakest
sectors.
At the close, the VIX was down 1.80 to 25.99.
The OEX 760 calls finished up 4 3/4 to 11.
Among bigger movers on heavier than average volume:
Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) rose 2 3/8 to 49 1/16 in a resurgent
semiconductor group. The TXN November 50 calls added 15/16 to 2 9/16 on more
than 10,000 contracts.
Nortel
(
NT |
Quote |
Chart |
News |
PowerRating) added to early gains and ended up 5 1/2 to 45 1/2. The Nortel November
50 calls finished up 11/16 to 1 7/16 on more than 6000 contracts.
Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) rose 5 13/16 to 53 7/8 following Monday’s steep selloff.
The Cisco November 55 calls ended up 1 11/16 to 3 1/4 on more than 13,000
contracts.
Advanced Micro Circuits
(
AMCC |
Quote |
Chart |
News |
PowerRating) rose 12 3/8 to 76 7/16 while the AMCC
November 87 1/2 calls added 2 1/2 to 2 7/8 on heavier-than-average volume.