AOL Puts Leap; Stocks Sag
Earnings worries continued to weigh on stocks Tuesday as semiconductors and
Internets pulled the Nasdaq down by 2.3%. The Dow and S&P 500 were down 1.5%
and 1.8%, respectively.
At the close, the VIX had increased 3.99 to 33.49.
The OEX October 730 calls closed down 5 11/16 to 1 9/16.
Among bigger movers on heavier-than-average volume:
AOL
(
AOL |
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PowerRating) sank 9.01 to 43.60 as Internets continued to fall. The AOL
November 50 puts soared 6 to 8.60 on more than 26,000 contracts.
Tyco
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TYC |
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PowerRating) fell 3 7/16 to 46 7/8 while the Tyco November 45 calls fell 2
1/8 to 4 3/4 on more than 10,000 contracts.
In the pummeled SOX, Applied Materials
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AMAT |
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PowerRating) sank 4 1/4 to 44 1/2 while
the AMAT October 55 puts rose 3 7/8 to 10 1/2 on more than 9000 contracts.
Disney
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DIS |
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PowerRating) fell 2 13/16 to 35 7/16 and was the poorest performer in the
Dow. The Disney October 37 1/2 puts jumped 1 13/16 to 2 3/16 on double the
average volume.