QCOM Calls Rise; Nasdaq Ends Positive

Tech stocks shrugged off some negative earnings reports and eked out a 1%
gain Friday. Banks were the day’s top sector while forest and paper products
were the weakest.

At the close, the VIX was up .50 to 25.48.

The OEX February 710 calls ended down .50 to 15.50.

Among bigger movers on heavier-than-average volume:

Qualcomm
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soared 7 1/16 to 81 after better-than-expected earnings.
The QCOM February 80 calls gained 2 to 5 3/4 on more than 5000 contracts.

WorldCom
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rose 15/16 to 21 5/16 while the WCOM February 20 calls
added 1/2 to 2 5/16 on more than 12,000 contracts.

Art Technology
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jumped 9 1/2 to 34 1/2 while the ARTG February 35
calls rose 2 13/16 to 4 1/8 on more heavier-than-average volume.