Chase Puts Rise; Stocks Slide
Stocks are moderately lower Thursday following an extremely inflation-tame
Producer Price Index report. Semiconductors are the day’s top sector, while
airlines are the weakest.
At mid-day, the VIX is up .97 to 27.84.
The OEX December 730 calls are down 1.70 to .70.
Among bigger movers on heavier-than-average volume:
Chase Manhattan
(
CMB |
Quote |
Chart |
News |
PowerRating) is down 2 3/8 to 42 1/8 following an earnings
warning. The Chase December 43 3/8 puts have jumped 1 3/8 to 1 7/8 on more than
3000 contracts.
Also down in sympathy are the broker/dealers, with Merrill Lynch
(
MER |
Quote |
Chart |
News |
PowerRating)
down 2 1/4 to 64 13/16. The Merrill January 90 calls are down 3/4 to 3/8 on more
than 6000 contracts.
IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) is the one of the top Dow gainers of the day, up 1 3/4 to 93.
The IBM January 90 puts have eased 1 1/4 to 5 1/8 on more than 6000 contracts.
Adobe
(
ADBE |
Quote |
Chart |
News |
PowerRating) is down 8 9/16 to 57 5/8 while the Adobe December 57 1/2
puts have jumped 2 3/4 to 3 3/4 on triple average volume.