JDSU Puts Fall; Nasdaq Rally Continues
The Nasdaq added 1.9% on top of Thursday’s 7.8% gain, as Internets and networkers
led the charge higher in Friday trading. Broker/dealers and Internets were the day’s strongest sectors while retailers and forest and paper products
were the weakest.
At mid-day, the VIX is down 1.56 to 26.61.
The OEX October 740 calls are up 3/4 to 2 1/2.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
(
JDSU |
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PowerRating) jumped 12 7/16 to 102 3/8 at optical networkers
soared. The JDSU November 100 outs fell 6 7/8 to 8 on more than 11,000
contracts.
Microsoft
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MSFT |
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PowerRating) pulled back somewhat toward the close but still managed
to book a gain of 3 5/16 to 65 3/16.
The Microsoft October 60 calls ended up 2 15/16 to 5 on more than 10,000
contracts.
McDATA
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MCDT |
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PowerRating) fell 21 11/16 to 107 1/4 while the McDATA October 115 puts
jumped 6 3/4 to 7 1/4 on more than 1000 contracts.
Power-One
(
PWER |
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News |
PowerRating) rose 10 55/64 to 84 43/64 while the Power-One October
85 calls gained 5 15/16 to 6 on more than triple the average volume.