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
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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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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
(
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has risen 1.51 to 69.60 while the MSFT June 70 calls
have added .60 to 2.40 on heavier-than-average volume.