JDSU Calls Leap; Stocks Post Gains
With Fed Chairman Alan Greenspan addressing Congress, stocks like what they are hearing and have moved higher
Thursday with the Nasdaq tacking on 2.6% and the Dow and S&P 500 about 1%
each. Internets and banks are the top sectors while drugs and health care are
the weakest.
At mid-day, the VIX has decreased .66 to 21.86.
The OEX 810 calls are up 1 3/4 to 5 1/4.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
(
JDSU |
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PowerRating) is up 17 1/4 to 124 on news it will be added to the
S&P 500 on July 26. The JDSU Aug 140 calls have gained 6 1/4 to 7 3/8 on
nearly 20,000 contracts.
Alteon WebSystems
(
ATON |
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PowerRating) is up 16 1/2 to 133 5/8 to add to its recent
big gains. The ATON July 135 calls are up 3 11/16 to 4 1/8 on quadruple the
average volume.
Lucent
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LU |
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PowerRating) is down 9 5/8 to 54 7/8 after posing a loss and cutting its
profit outlook. The Lucent July 60 puts are up 4 9/16 to 5 1/8 on
heavier-than-average volume.
Check Point Software
(
CHKP |
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PowerRating) is up 15 7/8 to 240 11/16 after beating
earnings estimates. The Check Point July 240 calls are up 3 1/4 to 6 1/4 on
triple the average volume.