Sonus Calls Rise; Stocks Edge Higher
- March 20, 2001
- Daniel Beighley
Stocks are marginally higher ahead of the Fed’s interest rate announcement
which is due out at 2:15 PM ET. Oil services are the day’s top sector while
biotechnology is the weakest.
At mid-day, the VIX is up .24 to 33.59.
Among bigger movers on heavier-than-average volume: Sonus Networks
is up 5/16 to 27 1/2 while the Sonus April 30 calls have added 7/16 to 3 on more
than 3400 contracts.
PowerRating) is up 11/16 to 21 1/2 while the Cisco July 25 calls
are up 3/16 to 2 3/16 on more than 13,000 contracts.
Advanced Micro Devices
PowerRating) is up .22 to 23.95 while the AMD July 30
calls have gained .55 to 2.45 on more than 7000 contracts.
PowerRating) is giving up some of Monday’s gains, falling 1 21/63 to
55 55/64 while the QCOM April 55 calls are down 1 to 7 on more than 2000