Brocade Calls Fall; Nasdaq Dips
Not even an optimistic outlook from Alan Greenspan could hold back the
selloff in technology Tuesday as the Nasdaq lost 2.5%. Transports were the top
sector while biotechs were the weakest.
At the close, the VIX was up .10 to 24.65.
The OEX February 700 calls ended off 2.50 to 1.00.
Among bigger movers on heavier-than-average volume:
Brocade
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BRCD |
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PowerRating) continued to see weakness as it lost 9 9/16 to 53 7/16.
The Brocade February 55 calls lost 6 1/16 to 1 15/16 on more than 15,000
contracts.
Dell
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DELL |
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PowerRating) lost 1 to 22 1/4 while the Dell March 25 puts rose 5/8 to 3
1/2 on more than 14,000 contracts.
JDS Uniphase
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JDSU |
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PowerRating) slid 2 1/8 to 38 1/2 while the JDSU February 45 puts
jumped 2 to 7 1/8 on more than 8000 contracts.
General Motors
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GM |
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PowerRating) saw a spike in call volume. GM closed up .43 to 55.58
while the GM February 50 calls added .40 to 5.50 on more than 12,000 contracts.