Hewlett Packard Puts Jump; Nasdaq Slides
The selling resumed in the Nasdaq Friday, as a mixed employment report and
concerns about the Fed’s mid-week interest rate cut weighed on stocks.
Integrated oils were the day’s top sector while Internets were the weakest.
At the close, the VIX had increased by 2.13 to 32.09.
The OEX January 710 calls finished down 7 to 4.
Among bigger movers on heavier-than-average volume:
Hewlett Packard
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PowerRating) was the worst performer in the Dow, falling 4 to 30
5/8. The HWP January 35 puts jumped 3 to 4 1/2 on heavier-than-average volume.
Microsoft
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PowerRating) avoided the tech swoon and closed up 11/16 to 49 1/8
while the MSFT January 03 65 calls added 3 3/4 to 10 1/4 on more than 10,000
contracts.
Citigroup
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C |
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PowerRating) fell 2 to 53 11/16 as concerns about credit quality rattled
the banking sector. The Citigroup January 55 calls fell 7/8 to 1 5/16 on more
than 7500 contracts.
Cisco
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PowerRating) gave up early gains and ended down 5 1/4 to 36 5/8. The
Cisco January 42 1/2 puts closed up 3 3/8 to 6 5/8 on more than 7000 contracts.