Yahoo! Calls Fall; Stocks Underwater
Stocks remain underwater Thursday as the Presidential vote recount in Florida
continues. Banks and insurance companies are the top sectors of the day while
retailers and Internets are the weakest.
At mid-day, the VIX is up .70 to 28.98.
The OEX 745 calls are down 2 1/8 to 9.
Among bigger movers on heavier-than-average volume:
Yahoo!
(
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PowerRating) has fallen 4 3/4 to 60 1/4 in a very weak Internet group.
The Yahoo! November 65 calls have lost 3 1/4 to 2 on heavier-than-average
volume.
Sun Microsystems
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PowerRating) has fallen 2 15/16 to 97 3/8 while the Sun
November 95 puts have gained 3/4 to 4 on more than 5000 contracts.
Sycamore Networks
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PowerRating) is down 1 1/4 to 58 7/8 while the Sycamore
November 50 puts have risen 1 11/16 to 3 1/4 on more than 5000 contracts.
In the strong banking group, Chase Manhattan
(
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PowerRating) is up 5/8 to 44 3/16
while the Chase December 45 puts are down 7/16 to 2 15/16 on more than 8000
contracts.