Cisco Calls Rise; Nasdaq Rebound Continues
The Nasdaq moved up 3.3% Monday as traders waited for a conclusion to the
Presidential election battle. Semiconductors were the day’s top sector while
gold and silver was the weakest.
By the close, the VIX had increased .37 to 26.50.
The OEX December 740 calls finished up 6 to 7.40.
Among bigger movers on heavier-than-average volume.
Cisco
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CSCO |
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PowerRating) rose 2 7/16 to 54 13/16 to help propel the Nasdaq. The
Cisco December 55 calls added 13/16 to 1 1/2 on more than 15,000 contracts.
JNI Corp
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PowerRating) was one of the day’s big losers, falling 28 1/4 to 34
3/4. The JNIC December 40 puts soared 6 1/4 to 6 1/2 on five times the average
volume.
Applied Micro Circuits
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AMCC |
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PowerRating) gained 4 11/16 to 74 1/2 while the AMCC
February 01 70 calls lifted 3 1/2 to 17 on more than 9000 contracts.
Microsoft
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MSFT |
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PowerRating) gained 3 5/8 to 58 1/16 while the MSFT December 55
calls rose 2 1/16 to 4 on more than 8000 contracts.