EMC Puts Rise; Nasdaq Sinks
Technology stocks remain under pressure Monday, with semiconductors and
Internets leading the average down more than 2.6%. Chemicals and gold and silver
are the day’s best performing sectors.
At mid-day, the VIX is up 1.43 to 27.10.
The OEX October 760 calls are down 2 1/8 to 6 7/8.
Among bigger movers on heavier-than-average volume:
Storage leader EMC
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PowerRating) is off 2 13/16 to 86 3/8 while the EMC January
01 85 puts are up 1 1/4 to 9 5/8 on more than 13,000 contracts.
Juniper Networks
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PowerRating) is also under pressure, falling 7 1/4 to 182
1/2. The Juniper October 210 calls are down 2 1/2 to 5 3/8 on more than 3000
contracts.
EDS
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PowerRating) has jumped 4 13/16 to 45 1/2 on news that the company has
received a large government contract. The EDS October 45 calls have jumped 2 to
2 3/8 on more than quadruple average volume.
Biotechs are weak Monday, with Biogen
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PowerRating) falling 3 15/16 to 53 1/8.
The Biogen October 55 puts have added 2 7/8 to 4 3/4 on more than double average
volume.
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