Intel Puts Jump; Stocks Sink
Stocks sank Wednesday as earnings warnings from Apple and BofA rattled
markets. Gold and silver was the day’s top sector while semiconductors were the
weakest.
At the close, the VIX was up 1.00 to 27.94.
The OEX 720 calls finished down 7.50 to 11.40.
Among bigger movers on heavier-than-average volume:
Intel
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PowerRating) fell 4 1/4 to 31 3/4 on earnings worries. The Intel
December 37 1/2 puts jumped 2 3/4 to 6 on more than 10,000 contracts.
Compaq
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PowerRating) fell 4.30 to 20.10 on fallout from the Apple earnings
warning. The Compaq January 25 calls fell 1.25 to .85 on more than 7000
contracts.
Hewlett Packard
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HWP |
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PowerRating) fell 3 to 32 and was one of the weakest Dow
performers. The Hewlett Packard December 35 calls fell 1 1/16 to 9/16 on more
than 6000 contracts.
General Electric
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PowerRating) slipped 3/16 to 53 15/16 while the GE December 50
puts added 1/16 to 1/2 on more than 7500 contracts.