OptionInvestor.com Announces Investment Opinion.DENVER--(BUSINESS WIRE)--May 22, 1999-- OptionInvestor.com announces option volume leaders As the May options on futures and stocks expired on Friday, investors made the decision to, more or less, stay on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. and await a new trend in the market. The DOW started off down nearly 60 points, rallied by mid day but then fell off and closed down 37 points. Likewise the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on fell nearly 22 points and the S&P 500 sank 0.6 percent. The double witching hour also witnessed the latest drop in Internet stocks, led by Excite, Inc. (NASDAQ:XCIT) which fell 7.25, At Home (NASDAQ:ATHM ATHM Excite@Home (NASDAQ symbol) ATHM Alternative Therapies in Health and Medicine ATHM American Textile History Museum (Lowell, MA) ) which dropped 6.5 points, and CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) (NASDAQ:CMGI) which slipped 6.75. America On Line (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) slipped by 3.06 as well but was on top of the heap in options trading. On Thursday's expiration day, volume-leading options included the following: BASE DESCRIPTION LAST CHG VOL STOCK NASDAQ:DELL P MAY 99 37.50 0.38 +0.06 14131 37.31 NYSE:AOL P MAY 99 125.000 0.06 -0.56 13800 126.00 NYSE:ATI C JUN 99 90.000 16.63 -0.50 13308 104.50 NYSE:CPQ C MAY 99 25.000 0.19 -0.44 10415 25.06 NASDAQ:MSFT P JUN 99 70.000 0.75 +0.13 7956 77.56 NYSE:HI C MAY 99 45.000 0.25 -0.63 7513 44.75 NASDAQ:INTC P MAY 99 60.000 3.25 +1.00 6690 57.00 NYSE:IM C MAY 99 30.000 0.81 +0.44 5909 31.00 NYSE:CS C JUN 99 15.000 2.00 +1.25 5289 15.25 NYSE:CD C MAY 99 15.000 4.00 -0.25 5139 19.13 Options for the stocks listed above trade for a fraction of the price of the stock and, when properly positioned, option traders need only a $5.00 move in a stock to achieve a 50% gain in the option price. Last week for example, OptionInvestor.com recommended a call option on IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE:IBM) which produced a return of over 60 percent. Visit Option Investor.com at http://www.optioninvestor.com They offer a free two-week trial. |
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