BEAS Puts Sink; Stocks Mixed

Tech stocks are in rally mode Wednesday, and the Nasdaq has managed a solid
2% gain at mid-session. Biotechs are the day’s top group while chemicals are the
weakest.

At mid-day, the VIX has increased .17 to 30.96.

The OEX January 685 calls are up 1.90 to 11.90.

Among bigger movers on heavier-than-average volume:

BEA Systems
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is up 7 3/8 to 56 1/2 following a buy re-iteration.
The BEAS January 55 puts have fallen 4 5/8 to 4 3/8 on more than 9000 contracts.

Motorola
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is set to announce earnings after the bell and is up 5/16
to 21. The MOT January 20 calls are up 5/16 to 2 on more than 6000 contracts.

Veeco
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is up 12 3/16 to 58 15/16 while the Veeco January 55 calls
have gained 4 7/8 to 6 1/8 on more than 2000 contratcs.

Storage king EMC
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has added 2 7/8 to 66 5/8 while the EMC January 65
puts have fallen 1 1/4 to 3 1/2 on more than 5000 contracts.