Thursday 18 August 2011

Hewlett Packard (HPQ) $ 30.63 -2.42%

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Hewlett Packard (HPQ) $ 30.63 -2.42% : Hewlett Packard (HPQ) saw an impressive peak of $ 34 per share and helped lift the Dow Jones Industrial Average off its worst levels of about thirty minutes on the reports of the company could spin off its PC business and is close to an agreement to acquire autonomy. The story was apparently reported on Bloomberg TV (unconfirmed). The shares have been arrested and have since resumed trading. The gains were lost and the shares are down 29 with the other components of the Dow. HP is off 2.4 percent to $ 30.63 and trades options first appeared before the news hit the son. At 9:48 a client has sold 1000 August 32 puts at $ 2.84 and bought 31 August 2000 makes $ 2.05 on the ISE. The backspread seems to be a set of short-term volatility in the face of income. The company announced this evening, and the options expire in August after tomorrow. Besides, a large proportion of the volume was in small lots. Contracts negotiated 139k HP. The typical volume for the dinner is 23K. Flight implicit HP was up 22 percent to 53.5.

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