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:
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.
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.