Cisco Puts Rise; Techs Sink
Stocks are lower Friday following a mixed employment report that was not as
weak as some analysts had preferred. Integrated oils are the day’s top sector
while Internets are the weakest.
At mid-day, the VIX is up 1.72 to 31.68.
The OEX January 710 calls are down 5.40 to 5.60.
Among bigger movers on heavier-than-average volume:
Bank of America
PowerRating) is off 3 5/8 to 47 7/8 as talk of the California
utility crisis stirred fears among banks. The B of A January 50 puts have gained
1 5/8 to 2 3/4 on heavier-than-average volume.