Brocade Puts Jump; Stocks Rally
Stocks are solidly higher in Monday action as blue chips are leading the
broad-based rise. Biotechs are the day’s top sector while semiconductors are the
weakest.
At mid-day, the VIX has decreased 1.61 to 33.30.
Among bigger movers on heavier-than-average volume:
Brocade
(
BRCD |
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PowerRating) is down 4.24 to 25.70 following a downgrade from Morgan
Stanley. The Brocade April 30 puts have jumped 2.00 to 5.30 on more than 4000
contracts.
Advanced Micro Devices
(
AMD |
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PowerRating) is down 1.02 to 28.42 while the AMD April 25
calls are down 1.20 to 4.30 on more than 11,000 contracts.
International Paper
(
IP |
Quote |
Chart |
News |
PowerRating) is up .95 to 35.01 as blue chips rally. The IP
April 35 calls are up .55 to 2.00 on more than 5000 contracts.