Cisco Calls Rise; Stocks Mixed
Stocks are mixed Monday as an earnings warning from Caterpillar has helped
create some nervous tension about the upcoming earnings season. Technology and
semiconductors are the top sectors of the day while forest and paper products
and biotechs are the weakest.
At mid-day, the VIX is down 1.17 to 22.78.
The OEX October 770 calls are up 2 1/2 to 13 1/2.
Among bigger movers on heavier-than-average volume:
Cisco
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PowerRating) is one of the Nasdaq standouts, rising 3 to 58 1/4. The
Cisco October 57 1/2 calls are up 1 1/4 to 3 5/8 on more than 20,000 contracts.
B2Bs are under pressure, as Broadvision
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PowerRating) has fallen 4 1/2 to 21
3/16. The Broadvision October 25 puts have risen 2 7/8 to 4 7/8 on triple
average volume.
J.P. Morgan
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PowerRating) has added 3 to 166 3/8 while the J.P. Morgan October
175 calls have gained 3/8 to 2 3/4 on more than 2000 contracts.
Also weak in B2B is Ariba
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PowerRating) which has fallen 10 9/64 to 132 1/8.
The Ariba October 140 calls have gave fallen 8 5/8 to 8 3/8 on quadruple the
average volume.