Cisco Puts Jump; Nasdaq Sinks
Stocks are mixed following the disappointment from Cisco after the bell
Tuesday. Retailers are the day’s top sector while Internets are the weakest.
At mid-day, the VIX is up.78 to 24.60.
The OEX February 710 calls are down 3.00 to 6.30.
Among bigger movers on heavier-than-average volume:
Cisco
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PowerRating) is the high profile tech getting hit hard with a fall of 4
11/16 to 31 1/16. The Cisco February 35 puts have jumped 2 1/16 to 4 on more
than 14,000 contracts.
Storage is also in the red, with EMC
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PowerRating) down 4.30 to 65.70. The EMC
February 65 calls are off 3.80 to 3.70 on more than 7000 contracts.
PMC Sierra
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PowerRating) is also weak, falling 5 13/16 to 60 13/16. The PMCS
February 65 calls are down 2 3/4 to 2 3/8 on more than 2000 contracts.
Brocade
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PowerRating) is down 4 1/4 to 79 1/2 while the Brocade February 85
calls are down 2 to 1 3/4 on more than 11,000 contracts.