JDS Uniphase Calls Rise; Stocks Higher

Stocks are higher in a holiday-shortened session, with banks and
semiconductors posting the largest gains and retailers and health care falling
the most.

At mid-session, the VIX has increased .30 to 22.56.

The OEX July 800 calls are up 2 to 11.

Among bigger movers on heavier-than-average volume:

Optical networker JDS Uniphase
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is up 6 to 125 7/8 to help spark
the networking sector. The JDS Uniphase July 120 calls are up 3 1/4 to 10 1/4 on
triple the average volume.

Also strong is SDLI
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, which is up 12 1/8 to 297 5/16. The SDLI
July 280 calls have added 5 1/2 to 30 1/2 on quadruple the average volume.

Telefonos De Mexico
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has jumped 5 1/16 to 62 1/4 after the toppling
of the PRI, Mexico’s 71 year old ruling party. The TMX July 60 calls have risen
1 9/16 to 3 1/4 on triple average volume.

Oracle
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is down 4 1/8 to 79 15/16 after word Friday that the
company’s COO of eight years woould step down. The Oracle July 85 calls are down
1 9/16 to 1 9/16 on heavier-than-average volume.

Looking ahead, the May index of leading economic indicators is due out
Wednesday 10:00 AM ET. Analysts look for a 0.1% decrease.