Adobe Puts Soar; Dow Tanks
Middle East tensions, soaring oil prices, and an earnings warning from Home
Depot sank stocks Thursday, with the Dow falling 3.6%%. Gold and
silver and oil services were the day’s strongest sectors while banks and
retailers were the weakest.
At the close, the VIX had increased 3.41 to 34.36.
The OEX 720 calls finished down 10 to 8.
Among bigger movers on heavier-than-average volume:
Adobe
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ADBE |
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PowerRating) fell 19 7/8 to 130 13/16 to fall back below its 50-day
moving average. The Adobe October 130 calls puts jumped 6 to 7 1/4 on triple the
average call volume.
Lehman Brothers
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PowerRating) fell 11 15/16 to 112 1/16 as broker/dealers were under pressure. The
Lehman October 120 calls sank 6 1/8 to 2 7/8 on heavier-than-average volume.
Yahoo!
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PowerRating) fell 8 3/4 to 56 5/8 as Internets continued to face
selling pressure. The Yahoo! November 60 puts finished up 4 7/8 to 9 3/4 on more than
8000 contracts.
Macromedia
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PowerRating) eased 13/16 to 69 1/4 while the Macromedia November 80
calls rose 4 15/16 to 5 1/4 on heavier-than-average volume.