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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Zenith who wrote (464)	2/28/2000 8:45:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1583

U.S. Options - Brocade Communications vols firm CHICAGO, Feb 28 (Reuters) - Implied volatility in options of Brocade Communications Systems Inc. (NasdaqNM:BRCD - news), a provider of switches for computer storage systems, firmed as the stock set a new 52-week high on Monday. Shares of Brocade Communications shot up 15-13/16 to end at 283-1/16, off its new high of 292 on Nasdaq volume of 1.7 million shares. Implied volatility for the front-month March 270 calls was about 68 to 70 percent, up from the 66-67 percent level last week, an options trader at the Chicago Board Options Exchange said. ``There was definitely call buying,' said the CBOE trader, who cited no news on the stock. ``We raised the vols (implied volatility) a little bit.' The busiest were the March 280 calls on the Philadelphia Stock Exchange which rose 5-3/4 to 20-5/8 on interexchange volume of 467 and open interest of 80. In contrast, March 280 puts lost 12-7/8 to 15-1/2 on volume of about 100 and open interest of 5.