Cisco Calls Fall; Techs Tank
Techs sank Tuesday as traders worried that the market might not get the rate
cut that was so rumored to have been on its way. Insurance was the top sector
while Internets were the weakest.
At the close, the VIX had increased 1.69 to 29.03.
The OEX March 580 calls fell 1.10 to 4.10.
Among bigger movers on heavier-than-average volume:
Cisco
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PowerRating) was one of the day’s victims, falling 2 1/16 to 24. The
Cisco March 25 calls fell 15/16 to 1 5/8 on more than 10,000 contracts.
Cisco competitor Juniper
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PowerRating) was also under pressure, falling 9 17/64
to 62 55/64. The Juniper March 75 puts gained 5 7/8 to 15 3/8 on more than 7000
contracts.
EMC
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PowerRating) fell 3.34 to 41.66 while the EMC April 40 puts added 1.50 to 5
on more than 11,000 contracts.
Nokia
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PowerRating) eased .85 to 21.90 while the Nokia October 25 calls rose .50
to 3.90 on more than 9000 contracts.