GE Puts Rise; Stocks Weaken
Stocks sank Monday in a broad selloff that saw blue chips join the Nasdaq to
the downside. Gold and silver was the top sector of the day while biotechs were
the weakest.
At the close, the VIX was up 5.76 to 35.11.
Among bigger movers on heavier-than-average volume:
General Electric
(
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PowerRating) fell 4.21to 39.60 as blue chips joined the Nasdaq
selloff. The GE March 45 puts gained 3.65 to 5.70 on more than 50,000 contracts.
Ciena
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CIEN |
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PowerRating) fell 11 13/16 to 53 5/16 while the Ciena July 90 calls fell
2 3/4 to 4 on more than 1500 contracts.
Home Depot
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HD |
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PowerRating) fell 2.46 to 42.06 while the Home Depot March 45 calls
fell .60 to .35 on more than 16,000 contracts.
Redback
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RBAK |
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PowerRating) fell 1.78 to 17.72 while the RBAK April 35 calls eased
.40 to .60 on more than 1600 contracts.