Cisco Calls Sink; Nasdaq Tumbles
Tech stocks tanked again Friday to help the Nasdaq book its worst year ever.
Airlines were the day’s top sector and Internets were the weakest.
At the close the VIX had increased .15 to 30.32.
The OEX January 720 calls ended down 3.50 to 4.00.
Among bigger movers on heavier-than-average volume:
Cisco
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PowerRating) slumped 1 5/16 to 38 1/4 to help cap-off the Nasdaq’s awful
year. The Cisco January 40 calls fell 5/8 to 2 5/8 on more than 10,000
contracts.
Airlines took off, and that helped propel Alaska Air
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PowerRating) up 1 3/8 to 29
3/4. The ALK January 30 calls rose 1 5/16 to 2 on heavier-than-average volume.
BEA Systems
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PowerRating) fell 8 11/16 to 67 5/16 while the BEAS January 75
calls fell 4 1/8 to 3 1/2 on heavier-than-average volume.
Mercury Interactive
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PowerRating) lost 14 11/16 to 90 1/4 while the MERQ
January 120 calls fell 4 7/8 to 2 5/8 on heavier-than-average volume.