Corning Puts Jump; Stocks End Mixed
Stocks finished mixed Thursday following Greenspan’s Congressional testimony
where he gave his thumbs up to the tax cut proposal. Oil services were the top
sector of the day while Internets were the weakest.
At the close, the VIX had increased .42 to 7.90.
The OEX February 730 calls slipped .30 to 7.90.
Among bigger movers on heavier-than-average volume:
Corning
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PowerRating) fell 13 7/8 to 56 1/4 after a downgrade by Merrill Lynch.
The Corning February 60 puts jumped 4 1/2 to 6 on more than 2200 contracts.
Newport
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PowerRating) plunged 24 1/2 to 83 15/16 as select chip companies were
hit. The Newport February 100 calls fell 13 5/8 to 4 5/8 on more than 5000
contracts.
Merrill Lynch lost 2 5/16 to 74 1/8 while the Merrill April 70 puts jumped 1
1/4 to 4 7/8 on more than 7000 contracts.
Ericsson
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PowerRating) rose 1 1/4 to 13 while the ERICY February 15 calls
added 7/16 to 9/16 on more than 7000 contracts.