EMC Calls Rise; Techs Rally

Stocks are higher Friday, with the big-cap techs helping push the Nasdaq up
more than 6%. Internets are the day’s top sector while gold and silver is the
weakest.

At mid-day, the VIX is down 2.11 to 32.31.

The OEX January 700 calls are up 4.80 to 15.00.

Among bigger movers on heavier-than-average volume:

EMC
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has bounced back 7 1/16 from its recent lows and is trading at
66 5/16. The EMC January 75 calls are up 1 11/16 to 3 1/2 on more than 4000
contracts.

Pfizer
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is up 2 3/4 to 45 5/16 in the strong drug sector. The Pfizer
January 45 calls are up 7/8 to 2 on more than 2800 contracts.

Phillip Morris
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MO |
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is taking a breather from its recent run and is down 1
3/16 to 42 7/8. The Phillip Morris January 45 calls are down 7/16 to 1 3/16 on
more than 3000 contracts.

Morgan Stanley
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has gained 1 3/8 to 73 3/8 while the MWD January 75
calls have added 1 1/4 to 4 1/4 on more than 3000 contracts.