Stocks quoted in this article:
SDL Inc. (SDLI - 409-7/8), which is being acquired by JDS Uniphase (JDSU - 123-5/16), is leading technology issues higher across the board in early afternoon trading. SDLI is benefiting from news that JDSU will be added to the S&P 500 Index (SPX - 1496.72). The equity is currently higher by more than 50 points, or over 13 percent, after logging an all-time intraday best of 425-1/2 earlier today. The shares have stepped up by nearly 59 percent in just the past two weeks. In SDLI's options pit today, the August 500 call has been active on volume of 1,358 contracts. This deep-out-of-the-money option has no open interest. On the put side this afternoon, 1,000 contracts have been traded at the far-out-of-the-money December 330 strike, which has open interest of only 51 contracts.