JNPR Puts Sink; Nasdaq Surges
A surprise rate cut sent stocks screaming higher Wednesday as the Nasdaq
notched an 8% gain. Semis were the top sector while oil services were the
weakest.
At the close, the VIX was down 1.79 to 28.45.
Among bigger movers on heavier-than-average volume:
Juniper
(
JNPR |
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PowerRating) soared 6.54 to 57.41 while the JNPR April 50 puts sank
2.15 to .65 on heavier-than-average volume.
Microsoft
(
MSFT |
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PowerRating) jumped 3.95 to 65.43 while the MSFT May 60 calls rose
2.60 to 7.10 on more than 18,000 contracts.
IBM
(
IBM |
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PowerRating) rose 6.80 to 106.50 while the IBM April 105 calls added 3.50 to
5.00 on more than 14,000 contracts.