Cisco Calls Dip; Stocks Mixed
Stocks finished mixed Monday as traders waited for more news regarding the
outlook for tech stocks. Chemicals were the day’s top sector while biotechs were
the weakest.
The OEX December 740 calls rose .63 to 4.00.
Among bigger movers on heavier-than-average volume:
Cisco
(
CSCO |
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PowerRating) closed down 2 11/16 to 45 13/16. The Cisco December 50
calls ended down 1 to 1 5/8 on more than 20,000 contracts.
Pepsi
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PEP |
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PowerRating) gained 1 7/16 to 43 13/16 after news the company would buy
Quaker Oats. The Pepsi April 01 40 calls finished up 1 1/2 to 6 3/8 on more than
8,000 contracts.
RF Micro Devices
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RFMD |
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PowerRating) gained 5 3/4 to26 15/16 while the RFMD December
25 calls rose 3 1/4 to 4 1/4 on triple average volume.
Oracle
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ORCL |
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PowerRating) rose 1 3/4 to 28 3/16 while the Oracle December 30 calls
rose 3/8 to 1 3/8 on more than 6000 contracts.