Brocade Puts Jump; Nasdaq Weakens
As the standoff in Florida continues, stocks are lower in Tuesday trading.
Forest and paper products are the day’s top sectors while Internets are the
weakest.
At mid-day, the VIX is up 1.20 to 30.22.
The OEX December 740 calls are down 2 to 6.
Among bigger movers on heavier-than-average volume:
Brocade
(
BRCD |
Quote |
Chart |
News |
PowerRating) is down 23 9/16 to 165 7/16 as networkers take a hit. The
Brocade December 165 puts have risen 7 7/8 to 14 5/8 on quadruple the average
call volume.
Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating) is off 1 1/8 to 42 1/2 and pulling back off of recent gains.
The Nokia December 40 calls are down 7/8 to 3 5/8 on more than 4800 shares.
Chase Manhattan
(
CMB |
Quote |
Chart |
News |
PowerRating) is down 1 3/8 to 38 and running contrary to the
rest of the banking sector. The Chase December 40 puts are up 1 to 2 7/8 on more
than 3900 contracts.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) is down 2 5/16 to 85 7/8 while the Sun December
100 calls are down 1/2 to 1 on more than 6000 contracts.