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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: stan fisher who wrote (31588)12/19/1997 11:41:00 AM
From: randy kay  Respond to of 58727
 
Stan, I just pulled this from Streetcom -

Stocks are getting slammed from all sides this morning.
Drops in Asia and Europe, along with today's expiration of
futures contracts and of stock and index options are laying
the market low. The Dow Jones Industrial Average is
down 260 at 7587. The S&P 500 is down 29 at 926, while
the Nasdaq Composite is off 36 at 1487.

Despite the big drops, it doesn't look like there's anything
like panic taking hold. Traders are scratching their heads
over the drop.

"It's kind of weird," says one trader. "It's kind of quiet. All the
volume is expiration related. No one's doing anything streetwise."