Cisco Calls Sink; Nasdaq Drifts
Cisco weighed heavily on tech again Wednesday and that caused the Nasdaq to
slip 2.1%. Retailers were the day’s top sector while Internets were the weakest.
At the close, the VIX had increased .70 to 24.52.
The OEX February 710 calls fell 3.70 to 5.60.
Among bigger movers on heavier-than-average volume:
Cisco
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CSCO |
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PowerRating) fell 4 11/16 to 31 1/16 on extremely heavy volume. The
Cisco March 35 calls fell 2 5/8 to 1 1/4 on more than 71,000 contracts.
Xilinx
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XLNX |
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PowerRating) fell 2 1/2 to 48 as semis remained under pressure. The
XLNX March 50 puts jumped 1 1/2 to 5 5/8 on more than 8000 contracts.
Broadcom
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BRCM |
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PowerRating) fell 9 11/16 to 82 13/16 while the Broadcom February 70
puts added 1 3/8 to 2 1/8 on more than 1000 contracts.
Microsoft
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MSFT |
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PowerRating) was a tech standout, rising 2 1/8 to 64 11/16 while the
MSFT February 60 calls gained 1 3/4 to5 1/4 on more than 10,000 contracts.