HGSI Puts Jump; Nasdaq Cuts Losses
A late-session surge helped the Nasdaq cut a 4.5% loss to just 0.5% in the
final hour of trading. Semiconductors were the day’s top sector while biotechs
were the weakest.
At the close, the VIX was up 1.82 to 33.85.
The OEX January 700 calls ended down 1.10 to 6.30.
Among bigger movers on heavier than average volume:
Biotechs and genomic stocks were hit hard Monday, and Human Genome Sciences
was no exception, falling 9 3/8 to 49 1/8. The HGSI January 47 1/2 puts jumped 3
3/16 to 5 1/4 on heavier-than-average volume.