Yahoo! Puts Rise!; Nasdaq Sinks
Internets plunged following an earnings warning from Priceline.com, and the
selling spilled over to the Nasdaq, taking it down 0.9% for the day. Gold and
silver and integrated oils were the top sectors of the day while broker/dealers
and Internets were the weakest.
At the close, the VIX had decreased .72 to 24.36.
The OEX October 770 calls finished up 5/8 to 12.
Among bigger movers on heavier-than-average volume:
Yahoo!
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YHOO |
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PowerRating) fell 12 1/16 to 90 3/8 as the negative announcement from
Priceline walloped Net stocks. The Yahoo! October 80 puts rose 1 5/8 to 2 7/8 on
more than 1,000 contracts.
Also weak in the Net was CMGI
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PowerRating), which fell 3 13/16 to 26 5/8. The
CMGI October 30 calls slid 1 to 2 on more than 8000 contracts.
Microsoft
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PowerRating) fell 2 1/16 to 60 5/8 as the software gave back some of
Tuesday’s gains. The Microsoft October 80 puts jumped 2 5/16 to 3 1/2 on more
than 10,000 contratcs.
Dell Computer
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PowerRating) fell 1 3/16 to 32 7/16 while the Dell October 35
puts rose 3/4 to 3 1/4 on more than 7000 contracts.
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