Ciena Calls Fly; Stocks Modestly Higher
Stocks are holding on to modest gains Monday, following Friday’s tremendous
bounce. Biotechs and banks are the day’s top sectors while oil services and
integrated oils are the weakest.
At mid-day, the VIX has decreased .55 to 23.62.
The OEX October 810 calls are down 1/2 to 4 1/8.
Among bigger movers on heavier-than-average volume:
Ciena
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CIEN |
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PowerRating) has gained 13 1/16 to 133 13/16 on news it will build
optical networks in Korea. The Ciena January 01 150 calls are up 6 1/4 to 15 1/4
on more than 15,000 contracts.
In the strong biotech arena, Amgen
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AMGN |
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PowerRating) is up 1 1/4 to 73 5/16 while
the Amgen October 70 calls are up 1 1/4 to 7 1/8 on more than 4500 contracts.
3Com spinoff Palm
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PowerRating) has gained 2 1/8 to 53 15/16 while the Palm
October 55 calls have risen 3/4 to 3 3/4 on more than 7000 contracts.
Software-maker BEA Systems
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PowerRating) is up 4 3/8 to 78 13/16 on word of a
software deal with Ten Square Digital Network. The BEAS December 85 calls are up
2 1/8 to 8 3/8 on more than 6000 contracts.