Intel Calls Rise; Stocks Higher

Stocks are higher Tuesday following a speech by Alan Greenspan that held no
negative surprises. Sectors helping to lead the major averages higher are oil
services and forest and paper products. On the downside are airlines and
Internets.

At mid-day, the VIX is down .79 to 22.09.

The OEX 810 calls are up 2 1/2 to 9 1/4.

Among bigger movers on heavier-than-average volume:

Intel
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is up 2 13/16 to 140 5/8 to help pace the solid gains in
the Dow. The Intel July 135 calls are up 1 3/4 to 7 7/8 on double average
volume.

Yahoo!
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is down 8 1/8 to 101 7/8 ahead of its earnings
announcement due out after the  bell. The Yahoo! July 115 puts are up 5 3/4
to 15 1/2 on more than 8300 contracts.

Alteon Websystems
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is up 24 9/16 to 125 1/2 after a positive
earnings pre-announcement. The Alteon July 100 calls are up 19 to 26 1/4 on more
than five times the average volume.

Commerce One
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is up 3 5/16 to 43 1/16 while the Commerce One July
45 calls have added 1 5/16 to 2 3/8 on five times the average volume.