EMC Puts Soar; Nasdaq Tanks
The Nasdaq fell victim to yet more selling Tuesday and kicked off the new
trading year with a bruising 7% loss. Integrated oils were the day’s top sector
while Internets were the weakest.
At the close, the VIX was up 3.98 to 34.21.
The OEX January 700 calls fell 4.20 to 5.70.
Among bigger movers on heavier-than-average volume:
Storage giant EMC
(
EMC |
Quote |
Chart |
News |
PowerRating) fell 12 3/16 to 54 5/16 following a downgrade.
The EMC January 85 puts gained 12 1/2 to 31 3/8 on more than 8,000 contracts.
Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) fell 1 11/16 to 54 1/8 while the Nike January 65 puts added 1
to 11 1/4 on more than 10,000 contracts.
Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) fell 2 5/8 to 26 7/16 while the Oracle January 35 puts
rose 3 to 9 on more than 11,000 contracts.
Applied Micro Circuits
(
AMCC |
Quote |
Chart |
News |
PowerRating) fell 11 19/64 to 63 3/4 while the AMCC
January 50 calls lost 10 3/8 to 15 3/4 on more than 10,000 contracts.