JNJ Calls Rise; Nasdaq Craters
Stocks sank Wednesday as recession worries surfaced following an earnings
warning from Nortel. Pharmaceuticals were the only bright spot of the day while
Internets were the hardest hit area.
At the close, the VIX was up 2.53 to 33.22.
Johnson & Johnson
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PowerRating) rose 2.53 to 33.22 while the JNJ April 80
calls have gained 2.00 to 7.20 on more than 10,000 contracts.
Intel
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PowerRating) fell 2 7/16 to 26 15/16 while the Intel May 30 calls sank
13/16 to 1 7/16 on more than 11,000 contracts.
Citigroup
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PowerRating) fell 1.35 to 3.50 while the Citigroup Sept. 70 calls slipped
.70 to 3.50 on more than 3000 contracts.