AOL Calls Fall; Dow Slides
Blue chips continued to sink Wednesday as the Dow fell to its lowest level
since March 1999. Semiconductors were the day’s top sector while biotechs were
the weakest.
At the close, the VIX had increased 1.35 to 36.39.
Among bigger movers on heavier-than-average volume:
America Online
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PowerRating) fell .95 to 37.84 while the AOL May 40 calls slipped
.70 to 3.10 on more than 52,000 contracts.
Morgan Stanley
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PowerRating) fell 1.86 to 54.64 while the Morgan July 70 calls
lost fell .70 to 3.10 on more than 5000 contracts.
General Electric was weak in the Dow, falling 1.05 to 39.00 while the GE
April 40 puts added .50 to 2.75 on more than 15,000 contracts.