Cisco Calls Slip; Stocks Battle Higher
Stocks are higher and are sloughing off earnings concerns mentioned by Cisco
and AT&T. Transportation stocks make up the day’s top sector, and gold and
silver is the weakest.
At mid-day, the VIX has increased .32 to 25.46.
The OEX February 710 calls are down .50 to 15.00.
Cisco
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PowerRating) is feeling some heat and is down 1 7/8 to 36 1/2 after a
negative announcement by its CEO. The Cisco February 35 calls are off 1 5/8 to 3
5/8 on more than 7400 contracts.
Ariba
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PowerRating) is down 3 1/2 to 36 1/2 after announcing its acquisition of
Agile Software. The ARBA February 40 calls are down 1 11/16 to 2 5/16 on more
than 1100 contracts.
PurchasePro
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PowerRating) is a B2B showing a bounce of 2 3/4 to 28 1/4. The
PurchasePro February 30 calls have added 1 1/4 to 2 5/8 on heavier-than-average
volume.
AOL
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PowerRating) has gained 1.59 to 56.18 while the AOL February 50 puts have
eased .45 to .80 on more than 3000 contracts.
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