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by 12/31/1999 10:46 AM

Stocks quoted in this article:

SUNW

Sun Microsystems (SUNW - 78-1/16) is down fractionally in mid-morning trading. The security, though, remains in a near-term uptrend, as it has elevated by 77 percent since October 25. During this rally, SUNW has been ushered higher by its supportive 20-day moving average. In SUNW's options pit yesterday, open interest on the January 80 call shot up from 10,900 to 12,600 contracts. This out-of-the-money strike is now the site of peak total open interest. Today, 1,920 and 1,590 contracts have crossed the tape on the out-of-the-money January 67-1/2 and 60 puts, respectively. These are currently among the most-active put contracts on the Pacific Exchange.<
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by 12/31/1999 8:58 AM

Stocks quoted in this article:

Just prior to 9:00 a.m., March Nasdaq 100 futures (ND/H0 - 3751.6) are up 17 points, showing a solid opening is in store for the Nasdaq Composite (COMP - 4036.8). Perhaps helping the futures are early returns from Australia and New Zealand that showed no notable adverse effect from the dreaded Y2K bug as the new millennium struck. <
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by Todd Salamone 12/30/1999 4:39 PM

Stocks quoted in this article:

Speculators trading Nasdaq 100 Trust (QQQ - 183-3/4) options were extremely pessimistic today, as indicated by today's volume. For example, 15 of the 16 most active QQQ options were puts. Total put volume was 32,561 contracts. On the other hand, total call volume was only 3,298 contracts. This means 8.9 puts traded for every call, an indication of extreme fear about the run-up in technology stocks ahead of Y2K.<
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by Todd Salamone 12/30/1999 3:56 PM

Stocks quoted in this article:

Trading in the CBOE's S&P 100 Index (OEX - 791.98) options is extremely thin this afternoon, with only four options commanding volume of over 1,000 contracts. OEX options are usually much more liquid than this. Trading in the American Stock Exchange's Nasdaq 100 Trust (QQQ - 184-1/16) options is much more active in comparison, with eight options seeing volume of over 1,000 contracts.<
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by 12/30/1999 3:17 PM

Stocks quoted in this article:

This morning, Alltel (AT - 82-5/8), a phone-service provider, was rated a "neutral" in new coverage by an analyst at a major brokerage house. The analyst expects AT to reach 87 in a year. This news helped the stock gap almost two points higher at today's opening bell. Currently, the shares have stepped up by nearly three points. This upward momentum has lifted AT above its 10-day moving average, which the equity has not closed a session higher than in over two-and-a-half weeks.
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