Light Trading; Techs Fading
The markets closed mixed as traders moved money away from the tech sector
into the old-name companies.
The OEX closes at 799.06.
The AMEX closed at 910.26.
The VIX closed at 21.58.
The top five call options by volume were:
- CSCO August 65s
- AOL January 60s
- WCOM January 2003 60s
- GMH Septembers 30s
- CSCO August 70s
The top five puts by volume were:
- AMAT August 70s
- AOL Septembers 50s
- CSCO August 65s
- QQQ August 90s
- CSCO September 65s
Again the action in the 2003 WCOM LEAPs is interesting. LEAPs for 2003 were
just recently introduced are most likely still remain illiquid. Option activity
was rather light today when you look at the overall volume in index options.