Sonus Calls Rise; Stocks Edge Higher
Stocks are marginally higher ahead of the Fed’s interest rate announcement
which is due out at 2:15 PM ET. Oil services are the day’s top sector while
biotechnology is the weakest.
At mid-day, the VIX is up .24 to 33.59.
Among bigger movers on heavier-than-average volume: Sonus Networks
(
SONS |
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PowerRating)
is up 5/16 to 27 1/2 while the Sonus April 30 calls have added 7/16 to 3 on more
than 3400 contracts.
Cisco Systems
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CSCO |
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PowerRating) is up 11/16 to 21 1/2 while the Cisco July 25 calls
are up 3/16 to 2 3/16 on more than 13,000 contracts.
Advanced Micro Devices
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AMD |
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PowerRating) is up .22 to 23.95 while the AMD July 30
calls have gained .55 to 2.45 on more than 7000 contracts.
Qualcomm
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QCOM |
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News |
PowerRating) is giving up some of Monday’s gains, falling 1 21/63 to
55 55/64 while the QCOM April 55 calls are down 1 to 7 on more than 2000
contracts.