JDSU Puts Jump; Market Remains Mixed
As earnings season readies for kickoff, stocks are mixed Monday, with the Dow
positive and the Nasdaq negative. Cyclicals and forest and paper products are
the top sectors of the day while software and Internets are the weakest.
At mid-day, the VIX has increased .81 to 22.63.
The OEX July 800 calls are down 2 1/4 to 11 5/8.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
(
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PowerRating) has fallen 13 7/8 to 102 5/16 after announcing plans to merge
with SDL Inc. The JDS Uniphase July 100 puts are up 3 1/2 to 4 3/8 on more than
quadruple average volume.
A day ahead of an earnings announcement, portal giant Yahoo!
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YHOO |
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PowerRating) is
down 4 3/4 to 111 3/4. The Yahoo! July 120 puts are up 3 1/8 to 12 on triple the
average volume.
Biotech stock Cell Genesys
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PowerRating) is up 1 39/64 to 33 1/8 while the CEGE
July 35 calls have risen 9/16 to 1 7/8 on 10 times the average volume.
Business-to-business software maker Commerce One
(
CMRC |
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PowerRating) is up 2 1/2 to
41 1/2 on word that a Canadian e-commerce exchange will use Commerce One
business solutions. The CMRC July 35 calls are up 1 7/8 to 7 on more than 2000
contracts.
In economic news, the June consumer credit numbers will be released at 3:00
PM ET.