Oracle Puts Soar; Nasdaq Tanks
The Nasdaq sank 3.2% Tuesday following the Fed’s announcement to leave rates
unchanged. The S&P 500 was also lower, sinking 0.7%, but the Dow managed to post a
0.2% gain. Chemicals and forest and paper products were the top sectors of the day while
technology and Internets were the weakest.
At the close, the VIX ended up .03 to 23.46.
The OEX October 770 calls fell 3 to 9.
Among bigger movers on heavier-than-average volume:
Oracle
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PowerRating) fell 9 1/4 to 69 1/2 as analysts grew concerned about a
possible slowdown in sales. The Oracle October 75 puts jumped 5 5/16 to 7 1/2 on
triple average volume.
Xerox
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PowerRating) ended the day down 3 15/16 to 11 3/8 following an earnings
warning. The Xerox October 15 puts rose 3 9/16 to 4 1/8 on quadruple average
volume.
Honeywell
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PowerRating) was one of the Dow winners on the day, rising 1 1/16 to
37 1/16. The Honeywell December 37 1/2 calls gained 5/16 to 2 1/2 on more than
8000 contracts.
In the B2Bs, Commerce One
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CMRC |
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PowerRating) fell 13 11/16 to 58 7/8 while the CMRC
October 65 calls fell 7 3/8 to 3 3/8 on triple average volume.