Bank of America Calls Rise; Stocks Mixed

Stocks are mixed Tuesday as earnings season shifts into high gear. Insurance
is the day’s top sector while semiconductors are the weakest.

At mid-day, the VIX has increased 1.17 to 28.79.

The OEX January 700 calls are down 1.20 to 28.79.

Among bigger movers on heavier-than-average volume:

Bank of America
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is one of the leaders in the revived banking
sector, rising  1 13/16 to 50 7/8. The BAC January 50 calls have gained 5/8
to 1 1/2 on more than 4000 contracts.

Siebel Systems
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is down 4 11/16 to 67 5/16 while the Siebel
January 60 calls are down 4 5/8 to 8 1/8 on more than 5000 contracts.

Storage giant EMC
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has gained 1 5/8 to 70 7/16 while the EMC January
70 calls have added 9/16 to 2 11/16 on more than 1300 contracts.

Ariba
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has gained 1/8 to 35 5/16 while the Ariba January 40 calls
have fallen 5 1/8 to 1 1/4 on more than 7000 contracts.