Old Names Moving; News Names Idle

Stocks are up across the board. A major
internet analyst moved stocks in that group this morning.

The VIX is down .04 to 21.54. In the
last few years, both 20 and 30 have been viewed as extreme levels.

The OEX is at 804.09. The 800 calls are
trading at 12 3/4 by 13 1/4 with a volume of 748 and open interest of 5713.

Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating)
is trading up
1 1/4. The August 70 calls have already traded over 4227 contracts and have an
open interest of 49986.

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
is trading up 1
7/16. The September 75 calls are trading at 2 1/196 on volume of 584 contracts
and have an open interest of 3878.

Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating)
is trading down 1 7/16.
The September 40 calls are trading at 2 1/16 on volume 5137 and have an open
interest of 1288. The options are showing heavy trading relative to their open
interest.

You know it’s a boring day in the
markets when the most active put options today are the Honeywell
(
HON |
Quote |
Chart |
News |
PowerRating)

December 35 puts, which have trade almost 100% of their open interest of 2467,
trading 4750 contracts.

The Nasdaq Tracking stock puts, QVQTl,
which are the August 90 puts are the fifth most traded puts today, trading 1455
contracts against an open interest at 16670.

Options trading in the most active
stocks is relatively light on Monday.  Primarily the old names like
Honeywell and Caterpillar are active.