JDSU Calls Fall; Stocks Fade
Stocks fell hard following the Fed’s 50 basis point rate cut since there had
been some talk of a 75 basis point cut. Forest and paper products were the day’s
top sector while biotech was the weakest.
At the close, the VIX had increased 1.69 to 35.04.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
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JDSU |
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PowerRating) fell 3 1/8 to 21 1/2 while the JDS Uniphase April 25
calls sank 1 7/16 to 1 1/2 on more than 9000 contracts.
Cisco
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PowerRating) was also hammered Tuesday as it lost 1 3/4 to 19 1/16. The
Cisco April 20 calls lost 15/16 to 1 1/2 on more than 10,000 contracts.
Brocade
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PowerRating) fell 2.11 to 29.88 while the Brocade April 35 calls slid
.95 to 2.00 on more than 7000 contracts.