Honeywell Puts Jump; Stocks Slide
Stocks are lower across the board Friday as semiconductor stocks have led the
Nasdaq down 1.8% at mid-session. Retailers and banks are the strongest sectors
while forest and paper products have joined semis as one the weakest sectors.
At mid-day, the VIX is up .64 to 21.71.
The OEX September 820 calls are off 3 1/4 to 5 5/8.
Among bigger movers on heavier-than-average volume:
Honeywell
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Honeywell October 40 puts are up 1 11/16 to 4 1/4 on more than 2600 contracts.
Oracle
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Oracle October 100 calls have slipped 15/16 to 2 7/16 on more than 12,000
contracts.
In Focus
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mid-cap 400 index. The INFS September 50 calls are up 2 11/16 to 3 7/8 on
quadruple the average volume.
Also showing weakness in the tech arena is Corning
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1/4 to 310. The Corning September 330 calls are off 3 3/4 to 2 on
heavier-than-average volume.