Microsoft Calls Rise; Stocks Post Gains

Stocks are solidly higher Tuesday as Fed Chairman Greenspan fields questions
from long-winded congressmen. Internets are the day’s top sector while health
care is the weakest.

At mid-day, the VIX has increased .04 to 24.59.

The OEX February 700 calls are unchanged at 3.50.

Among bigger movers on heavier-than-average volume:

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
has added 1 3/4 to 60 1/2 to help pace the tech sector.
The Microsoft April 55 calls have gained 1 1/8 to 8 3/8 on more than 9000
contracts.

EMC
(
EMC |
Quote |
Chart |
News |
PowerRating)
has risen 3.33 to 57.49 while the EMC February 65 puts have
fallen 3.30 to 6.90 on more than 8000 contracts.

Emulex
(
EMLX |
Quote |
Chart |
News |
PowerRating)
has bounced a tad from yesterday’s route and is up 1 9/16
to 41 15/16. The Emulex March 40 puts are down 1 to 6 on heavier-than-average
volume.

JDS Uniphase
(
JDSU |
Quote |
Chart |
News |
PowerRating)
has gained 2 to 42 5/8 while the JDSU March 45 calls
have added 7/8 to 3 7/8 on more than 4000 contracts.