Intel Calls Fall; Nasdaq Sinks
A warning from Intel and a stronger-than-expected jobs report have stocks in
the cellar Friday, as the Nasdaq continues to hunt for a bottom. Drugs are the
day’s top sector while computer technology is the weakest.
At mid-day, the VIX is up 2.82 to 29.28.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) is off 3 7/16 to 29 13/16 as tech remains under a cloud.
The Intel October 37 1/2 calls are down 1 1/8 to 2 3/4 on more than 22,000
contracts.
BEA Systems
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PowerRating) is down 3 5/16 to 30 1/4 while the BEA Systems April
25 puts are up 11/16 to 2 9/16 on more than 10,000 contracts.
Brocade
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PowerRating) is down 3 1/2 to 29 13/16 while the Brocade March 35
calls are down 1 1/16 to 3/8 on more than 17,000 contracts.
Cisco
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PowerRating) is down 2 1/4 to 20 9/16 while the Cisco March 22 1/2 calls
are down 13/16 to 7/16 on more than 18,000 contracts.