SEBL Puts Rise; Stocks Ease

Stocks are taking a breather Monday following last week’s 14% Nasdaq gain, as
all three major averages are moderately lower. Oil services are the day’s top
sector while semiconductors are the weakest.

At mid-day, the VIX has increased .42 to 30.70.

Among bigger movers on heavier-than-average volume:

Siebel
(
SEBL |
Quote |
Chart |
News |
PowerRating)
has lost 2.11 to 35.00 while the SEBL April 40 puts have
risen .90 to 6.10 on heavier-than-average volume.

Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating)
has fallen 1.33 to 54.65 while the CIEN April 50 calls have
lost 1.00 to 5.90 on more than 14,000 contracts.

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
has lost 1.14 to 61.04 while the MSFT April 60 calls
have fallen .80 to 2.40 on more than 21,000 contracts.