GE Puts Jump; Stocks Slide
Stocks are lower across the board Monday as blue chips have joined the Nasdaq
to the downside. Gold and silver is the top sector of the day while
broker/dealers are the weakest.
At mid-day, the VIX is up 3.52 to 32.87.
Among bigger movers on heavier-than-average volume:
General Electric
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PowerRating) is off 2.96 to 40.85 as some of the blue chips take
a hit. The GE March 45 puts have gained 2.35 to 4.40 on more than 50,000
contracts.
Cisco
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PowerRating) remains under pressure and is trading down 2 1/16 to 18
9/16. The Cisco March 20 puts are up 7/8 to 1 3/4 on more than 16,000 contracts.
Brocade
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PowerRating) is down 2.26 to 25.12 while the Brocade March 40 puts
have gained 3.35 to 14.60 on more than 5000 contracts.
Biogen
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PowerRating) is down 2 to 61 9/16 while the Biogen April 70 calls are
down 5/8 to 2 1/4 on more than 2700 contracts.