MSFT Calls Rise; Nasdaq Surges

Stocks surged Tuesday as earnings season kicks off with an announcement for
Motorola scheduled for after the bell. Semis were the day’s top sector while
health care was the weakest.

At the close, the VIX was down 3.44 to 33.30.

Among bigger movers on heavier-than-average volume:

Microsoft
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added 2.53 to 59.68 while the MSFT April 60 calls
gained .90 to 2.15 on more than 19,000 contracts.

Motorola
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rose 1.50 to 13.00 while the MOT April 12.5 calls added
.70 to 1.45 on more than 10,000 contracts.

OpenWave
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jumped 3.17 to 25.22 while the OPWV April 15 puts sank
.35 to .10 on more than 8000 contracts.