Oracle Calls Jump; Stocks Sag
Warnings from Gateway and Altera spooked stocks Thursday, and at the close
the Nasdaq was down 4%. Gold and silver was the top sector of the day while
semiconductors were the weakest.
At the close, the VIX had increased 2.36 to 32.56.
The OEX 730 calls finished down 2 1/4 to 5 1/4.
Among bigger movers on heavier-than-average volume:
PowerRating) was the disaster of the day, falling 10.50 to 19.00
following an earnings warning. The Gateway December 25 puts soared 5.75 to 6.90
on heavier-than-average volume.