Cisco Calls Fall; Nasdaq Fades
The Nasdaq faded into the close Friday for a 3% loss as weakness in tech
continued. Oil services were the top sector while Internets were the weakest.
At the close, the VIX was down .17 to 30.86.
Among bigger movers on heavier-than-average volume:
Cisco
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PowerRating) hit a new 26 month low as it fell 2 5/16 to 22 3/16. The
Cisco March 25 calls fell 7/8 to 9/16 on more than 22,000 contracts.
Semis avoided the tech swoon as Altera
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PowerRating) added 1/2 to 25 7/8. The
Altera April 30 calls rose 1 5/16 to 2 5/8 on more than 1500 contracts.
SBC Communications
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PowerRating) rose 1.07 to 46.57 while the SBC March 45 puts
closed up .35 to 1.35 on more than 4000 contracts.
Morgan Stanley
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PowerRating) fell 2.55 to 61.05 while the MWD March 60 puts added
.55 to 2.70 on more than 3500 contracts.