QCOM Calls Rise; Nasdaq Tanks
Uncertainty again reigned regarding the election vote count on Friday, and the Nasdaq
fell 5.3%. Drugs were the top sector of the day, and semiconductors were the
weakest.
At the close, the VIX had increased 2.99 to 32.63.
The OEX November 740 calls finished down 7 1/4 to 4.
Among bigger movers on heavier-than-average volume:
Qualcomm
(
QCOM |
Quote |
Chart |
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PowerRating) avoided the selloff and gained 1 1/4 to 73 15/16. The
QCOM December 65 calls finished up 2 1/8 to 12 3/8 on more than 11,000
contracts.
Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) fell 3 7/16 to 43 11/16 as retailers were hit hard. The
WMT November 45 puts rose 1 3/4 to 2 5/8 on more than 6000 contracts.
Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) fell 3 3/16 to 50 1/16 while the Cisco November 50 puts
gained 15/16 to 2 on more than 13,000 contracts.
Philip Morris
(
MO |
Quote |
Chart |
News |
PowerRating) gained 1 1/8 to 36 7/8 while the Philip Morris January
01 35 calls rose 3/4 to 3 3/4 on more than 6000 contracts.