EMC Calls Fall; Stocks Ease
Stocks finished marginally lower Friday to end a fairly solid week for the
Nasdaq where it saw a nearly 10% gain. Biotechs were the day’s top sector, and
chemicals were the weakest.
At mid-day, the VIX has decreased .03 to 28.66.
The OEX January 685 calls ended down 3.50 to 11.50.
Among bigger movers on heavier-than-average volume:
Storage leader EMC
(
EMC |
Quote |
Chart |
News |
PowerRating) took a breather following its recent gains and
closed down 4 5/16 to 68 13/16. The EMC February 70 calls fell 3 1/8 to 6 on
more than 10,000 contracts.
Ariba
(
ARBA |
Quote |
Chart |
News |
PowerRating) fell 8 3/16 to 35 3/16 despite topping earnings estimates.
The Ariba January 40 calls fell 5 1/9 to 1 1/4 on more than 7000 contracts.
PMC Sierra
(
PMCS |
Quote |
Chart |
News |
PowerRating) gained 2 59/64 to 82 43/64 while the PMCS January 70
calls added 9 5/8 to 13 1/2 on heavier-than-average volume.
Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) slipped 1 1/16 to 38 1/16 while the Cisco January 40 calls
eased 5/8 to 15/16 on more than 7000 contracts.