JDSU Puts Jump; Nasdaq Tanks
A sharp jump in January’s Producer Price Index has spooked stocks into a
sharp decline Friday. Gold and silver are the top performing sector while
semiconductors are the weakest.
At mid-day, the VIX has increased 1.33 to 24.79.
The OEX February 40 puts are down 9.10 to 1.00.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
(
JDSU |
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PowerRating) has fallen 7 3/4 to 37 3/8 as tech takes a hit. The
JDSU February 40 puts have jumped 2 9/16 to 2 7/8 on more than 14,000 contracts.
Veritas
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VRTS |
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PowerRating) has fallen 3 13/16 to 79 while the Veritas May 60 puts
have added 1 1/8 to 5 on more than 10,000 contracts.
Nortel
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NT |
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PowerRating) has fallen 10.05 to 19.70 while the Nortel February 25 puts
have jumped 5.10 to 5.20 on more than quadruple average volume.
Microsoft
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MSFT |
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PowerRating) is off 1 13/16 to 57 while the Microsoft April 60 calls
have lost 1/2 to 3 1/8 on more than 8000 contracts.