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Sun, Cisco Put-Option Selling May Be a Bid for the Bottom

 

Updated from 1:37 PM ET

Some massive put puts sellers in Sun Microsystems (SUNW Quote) and Cisco (CSCO Quote)options options highlighted trading in the market, reflecting a cautiously positive wager on those two stocks bouncing back before the end of April.

Volatility Index
Today % Change
30.73 +5.86
Source: ILX
Shares of Sun rose 19 cents to $20, while Cisco slipped 19 cents to $23.81. Earlier in the session, Cisco hit a new 52-week intraday low of $23.25. ...

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