JDSU Puts Rise; Dow Rallies

Blue chips helped rally the troops Wednesday as all three major averages
worked their way higher. The top sector of the day was chemicals while the
weakest sector was biotech.

At the close, the VIX was off .99 to 26.45.

JDS Uniphase
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fell 1 1/16 to 26 15/16 while the JDSU March 35 puts
rose 1 1/8 to 8 3/8 on more than 15,000 contracts.

PurchasePro
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gained 1 7/16 to 11 11/16 while the PPRO March 15
puts fell 1 5/8 to 3 1/8 on more than 1300 contracts.

Compaq
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fell .38 to 21.79 while the Compaq March 22.5 calls slipped
.25 to .70 on more than 35,000 contracts.

General Electric
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rose .56 to 45.98 while the GE March 45 puts slid
.40 to 1.10 on more than 13,000 contracts.