Broadcom Puts Soar; Stocks Weak
- November 17, 2000
- Daniel Beighley
Technology profit worries and the ongoing legal fight in Florida have put
stocks in a negative mood Friday, and that has the Nasdaq slipping back below
the 3000 level. Retailers are the strongest group while telecom is the weakest.
At mid-day, the VIX is up .37 to 28.75.
The OEX 730 calls are down 1 to 3/8.
Among bigger movers on heavier-than-average volume:
PowerRating) is down 15 to 129 1/2 as high-flying techs take a hit.
The Broadcom November 140 puts are up 8 1/4 to 10 3/4 on double the average
PowerRating) is down 10 9/16 to 151 1/4 while the JNPR
November 140 calls are down 19 7/8 to 8 7/8 on heavier-than-average volume.
PowerRating) is up .31 to 49.16 and is avoiding the downdraft.
The AOL November 50 puts are down .55 to .95 on more than 10,000 contracts.
PowerRating) is up 1/8 to 36 7/16 while the Philip Morris January 01
32 1/2 puts have eased 3/16 to 1 on more than 5000 contracts.