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STOCKS NEWS US-Treasury: lending from TARP banks fell in March

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1358 ET 01June2009-Treasury: lending from TARP banks fell in March
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 The U.S. Treasury Department on Monday said that average lending from about
500 banks that have received government capital injections fell $42 billion in
 March compared to February.
 In the first monthly lending report from its Capital Purchase Program, the
Treasury said average loans outstanding from CPP recipient banks fell to $5.237
billion in March from $5.279 billion in February.
 For details, see [ID:nN01335394]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1344 ET 01June2009-Celldex shares gain after vaccine data
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 Shares of Celldex Therapeutics CLDX.O rallied on Monday after the company
released data from two studies of its experimental cancer vaccine that
demonstrated its potential to help patients with brain cancer live longer.
 The data involved only 40 patients, but strongly suggested that the
immunotherapeutic vaccine, called CDX-110, can delay worsening of the disease
and potentially extend survival of patients with the deadly, common form of
brain cancer following initial treatment with Schering-Plough Corp's SGP.N
Temodar.
 The vaccine is being developed with Pfizer Inc PFE.N.
 For details, see [ID:nN01468750]
 Shares of Celldex rose 31 percent to $11.81 while Dow component Pfizer slid
1.8 percent to $14.92.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1333 ET 01June2009 Traders load up on Nvidia call options
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 Shares of graphics chipmaker Nvidia Corp NVDA.O, which attracted several
days of bullish order flow last week, rose 4.7 percent to $10.92 in afternoon
trade. In the stock's options, more than 11,200 contracts changed hands in the
June $12.50 call strike. The volume included a block of 8,291 contracts traded
at the offer for a premium of 20 cents a contract on the International
Securities Exchange, which appeared to be fresh buying, said WhatsTrading.com
option strategist Frederic Ruffy. There was no news on the stock to explain the
bullish trading. The stock's option implied volatility was steady at around 61
percent, he added. In all, about 24,000 calls crossed the tape vs. 3,465 puts,
according to Trade Alert. Sentiment based on order flow was 64 percent
bullish.
 Reuters Messaging: doris.frankel.reuters.com@reuters.net
 1230 ET 01June2009-S&P 500 ETF players likely seek safety net
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 A huge block of near-term out-of-the-money put options was bought in the
SPDR S&P 500 SPY.P fund in what appears to be insurance against a pullback in
the underlying S&P 500 index .SPX. U.S. stocks jumped on Monday on strong
economic data. The exchange-traded fund, commonly referred to as the "Spyders,"
trades at one-10th the value of the S&P benchmark. The SPY rose 2.59 percent to
$94.80 in afternoon trade. One top options trade in the market was a block of
50,000 SPY June $90 puts trading for a premium of $1.01 per contract on the
International Securities Exchange, an opening customer buyer, according to ISEE
sentiment data, said WhatsTrading.com option strategist Frederic Ruffy. More
than 114,000 contracts have changed hands in that strike price, making it the
top favorite name in the options crowd.
 Reuters Messaging: doris.frankel.reuters.com@reuters.net
1211 ET 01June2009-Dow Jones auto index rallies after GM bankruptcy
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 The Dow Jones U.S. Automobile index .DJUSAU rallied on Monday, following
the news that General Motors GM.N had filed for Chapter 11 bankruptcy
protection.
 In the bankruptcy, the third-largest ever in the United States, the
government will own 60 percent of a "new GM."
 For details, see [ID:nN01398575]
 The index gained 6.6 percent to 71.34 while GM was up 17 percent to 88
cents. Ford Motor Co F.N added 5.7 percent to $6.08.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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