Brocade Puts Jump; Stocks Rally
- March 26, 2001
- Daniel Beighley
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
At mid-day, the VIX has decreased 1.61 to 33.30.
Among bigger movers on heavier-than-average volume:
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
Advanced Micro Devices
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.
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.