Cisco Calls Rise; Stocks Gain
Stocks have bounced back Wednesday off of extremely oversold levels, and at
mid-day all three major averages are higher. Oil services are the top sector
while banks are the weakest.
At mid-day, the VIX is down 1.05 to 38.28.
Among bigger movers on heavier-than-average volume.
Cisco
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PowerRating) is up 3/16 to 13 15/16 while the Cisco May 10 calls are up
3/8 to 4 5/8 on more than 20,000 contracts.
Novellus
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PowerRating) has eased 15/16 to 35 while the Novellus May 40 calls
have dropped 5/8 to 3 on more than 2000 contracts.
Microsoft
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MSFT |
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PowerRating) is up 1 to 54 3/8 while the MSFT May 50 puts are down
3/8 to 2 3/8 on more than 16,000 contracts.