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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (32753)	10/7/1999 3:42:00 PM
From: William Griffin	Respond to of 70976

CHICAGO, Oct 7 (Reuters) - Implied volatility in options on semiconductor equipment maker Applied Materials Inc. AMAT.O remained steady Thursday even as the stock fell amid a lack of news. Implied volatilities for the composite Octobers and Novembers were about 51 and 55 percent, respectively, unchanged from the last two weeks. Todd Salamone, director of trading at Schaeffer's Investment Research Inc., noted that out-of-the money puts have been active during the past few days. "Since Monday, open interest in the October 80 puts has increased from 4,100 to 6,000 contracts," he said. "There have also been moderate increases in open interest on the November 75, 80 and 85 put positions since Monday." At 1127 CDT/1627 GMT, October 80 calls at the Pacific Exchange were off 2-1/4 to 5-1/4 on open interest of 5,463 contracts and interexchange volume of about 320 contracts. October 80 puts firmed 3/8 to 1-1/8 on open interest of 6,019 contracts and combined volume of 420 contracts. On Wednesday, a total of 1,121 contracts changed hands in the October 80 puts, Salamone said. Out-of-the-money put activity was "big" on Wednesday, a PCX options trader added. "Yesterday we had a customer who sold 2,000 January 25 puts, probably $60 out-of-the money, and I believe on another exchange he bought 400 January 45 puts," the trader added. He also saw no news Thursday on the California-based firm. Shares of Applied Materials lost 3-1/4 to 83-1/2 on Nasdaq volume of 3.3 million shares. 408-8750 chicago.derivatives.newsroom@reuters.com)) REUTERS Rtr 13:28 10-07-99