Check Point Calls Rise; Nasdaq Rallies
The Nasdaq has added 3.3% to put it at a three-month high Monday, and the
broader market is joining the techs to the upside as well, with the S&P 500
climbing back above 1300. Internets are the day’s top sector while oil is the
weakest.
At mid-day, the VIX is down .40 to 23.89.
Among bigger movers on heavier-than-average volume:
Check Point Software
(
CHKP |
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PowerRating) has gained 4.14 to 60.33 to pace the
Internet stock gains. The Check Point July 60 calls have added 1.70 to 7.90 on
heavier-than-average volume.
Cisco Systems
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CSCO |
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PowerRating) is helping the Nasdaq, gaining 1.80 to 22.00 after
hitting a three-month high. The CSCO June 20 calls have gained 1.15 to 2.60 on
more than 15,000 contracts.
Microsoft
(
MSFT |
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PowerRating) has risen 1.51 to 69.60 while the MSFT June 70 calls
have added .60 to 2.40 on heavier-than-average volume.