JDSU Puts Jump; Techs Tank Again
Techs tumbled Tuesday after the Fed failed to lower interest rates, and that
ended up taking 4.3% off of the Nasdaq.
Gold and silver was the day’s top sector while Internets were
the weakest.
At the close, the VIX was down 1.05 to 30.40.
The OEX 730 calls ended down 3.80 to 5.50.
Among bigger movers on heavier-than-average volume:
JDS Uniphase
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PowerRating) fell 7 7/16 to 51 3/4 as techs remained under
pressure. The JDSU January 60 puts jumped 3 to 11 on more than 9000 contracts.
Seibel
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PowerRating) fell 15 to 63 3/8 after an analyst downgrade. The SEBL
January 60 calls fell 10 1/4 to 13 1/4 on more than 11,000 contracts.
SBC
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PowerRating) sank 6 3/4 to 46 9/16 and was the biggest loser in the Dow. The
SBC January 50 puts gained 3 1/8 to 4 3/4 on more than 4000 contracts.
Ciena
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PowerRating) was one of the day’s big losers, falling 23 3/16 to 73 3/16
while the Ciena January 65 puts jumped 3 15/16 to 5 3/4 on more than 1400
contracts.