Millennium Calls Rise; Stocks Lift
Stocks are trading higher Friday following an inflation-friendly Producer
Price Index report. Biotechs and semiconductors are the top-performing sectors
while banks and oil services are the weakest.
At mid-day, the VIX has decreased .21 to 25.50.
The OEX 790 calls are off 1 to 9 1/4.
Among bigger movers on heavier-than-average volume:
Among big-moving biotechs, Millennium Pharmaceuticals
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PowerRating) is up 10
3/16 to 118. The Millennium June 115 calls are up 6 1/8 to 8 3/4 on
heavier-than-average volume.
Citrix Systems
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PowerRating) has fallen 8 3/4 to 42 13/16 amid worries that the
company’s close relationship with Microsoft could hurt Citrix should Microsoft
be broken up. The Citrix June 40 puts have jumped 1 11/16 to 2 1/16 on ten times
the average volume.
Optical networker JDS Uniphase
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PowerRating) is up 2 5/8 to 112 5/8 while
the JDSU June 110 calls are up 1 to 6 on more than 7400 contracts.
Set top box maker Scientific Atlanta
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PowerRating) is up 1/4 to 66 1/4. The
Scientific Atlanta September 75 calls are up 1 3/8 to 6 1/2 on more than 3000
contracts.
Looking ahead, the next big economic numbers due out are May’s retail sales
on Tuesday and the Consumer Price Index on Wednesday.