Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 235.24

+4.5%

Nov 19 3:59 PM EST

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To: michael97123 who wrote (38897)	10/27/2000 12:44:51 PM
From: Debt Free	Read Replies (2) of 70976

U.S. Options-Applied Materials vols up as stock dips anyone care to comment on this and how this impacts us???? CHICAGO, Oct 27 (Reuters) - Implied volatility in options of semiconductor company Applied Materials Inc. (NasdaqNM:AMAT - news) rose amid some put buying as the stock dipped on Friday. California-based Applied Materials shares fell $1-9/16 to $51-1/2 on Nasdaq turnover of about 10.1 million shares by midday Friday. Implied volatility of the November 55 calls stood at around 89 percent, up from about 80 percent on Thursday, an options trader on the Pacific Exchange said. ``The vols are up on the day. November is an earnings month,'' he said. Applied Materials is due to report its fourth quarter results on Nov. 15. The revised earnings consensus for Applied Materials fourth quarter is 76 cents per share according to a survey of analysts by First Call/Thomson Financial, which compiles brokerage estimates. The company earned 39 cents a share in the same year-ago quarter. The options trader noted some put buying in the November 50 series. ``That is why the volatility is up,'' he said. Options volume has been steady as about 2,008 calls and 3,991 puts changed hands across the five U.S. options exchanges combined on Friday. On Thursday, 9,925 option contracts traded versus 7,547 contracts on Wednesday, according to Track Data.

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