WCOM Calls Rise; Stocks Mixed
Stocks are mixed Tuesday with the Dow higher and the Nasdaq lower as traders
await a final ruling from the Supreme Court. Telecom is the day’s top sector
while semiconductors are the weakest.
At mid-day, the VIX is up .48 to 26.99.
The OEX December 740 calls are down 1.70 to 5.70.
Among bigger movers on heavier-than-average volume:
Telcos are showing signs of life as Worldcom
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PowerRating) has risen 1 to 17
3/8. The WCOM December 15 calls are up 1 to 2 1/2 on more than 5000 contracts.
Lucent
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PowerRating) is also higher, rising 2 1/16 to 18 3/4. The Lucent December
17 1/2 calls are up 1 1/4 to 1 11/16 on more than 5000 contracts.
Nortel
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PowerRating) is bucking the telco trend and is down 2 7/16 to 40 9/16. The
Nortel December 45 puts are up 2 3/4 to 4 1/4 on quadruple the average volume.
Yahoo
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PowerRating) has gained 3 3/8 to 37 1/4 while the Yahoo December 35
calls have gained 1 11/16 to 4 1/8 on more than 7000 contracts.