NUFO Calls Fly; Techs Slip
Following the Fed’s 50 basis point rate cut, the Nasdaq sold off for a 2.3%
loss for the day while the Dow ended slightly higher. Retailers were the day’s
top sector while Internets were the weakest.
At the close, the VIX had decreased .91 to 24.29.
The OEX February 720 calls ended down 2.20 to 11.00.
Among bigger movers on heavier-than-average volume:
PowerRating) gained 10 13/16 to 60 3/16 following its
better-than-expected earnings report. The NUFO February 65 calls closed up 2 5/8
to 4 on heavier-than-average volume.