QCOM Calls Rise; Stocks Divided

Stocks turned in a mixed day Monday, with the Nasdaq in the red and the Dow
and S&P 500 in the green. Retailers were the day’s top sector while
semiconductors were the weakest.

At the close, the VIX ended down .59 to 29.02.

The OEX December 730 calls finished up 2 to 12.

Among bigger movers on heavier-than-average volume:

Qualcomm
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gained 4 15/16 to 89 7/16 while the QCOM December 85
calls added 2 1/4 to 8 1/4 on more than 10,000 contracts.

Philip Morris
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rose 15/16 to 36 1/2 while the Philip Morris December
37 1/2 calls gained 3/16 to 1 1/8 on more than 5000 contracts.

Semiconductors remained under pressure and that took Xilinx
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down
10 5/16 to 46 1/2. The XLNX December 55 puts ended the day up 5 5/8 to 10 on
more than 6000 contracts.

Retailers led the day with Wal-Mart
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gaining 4 1/8 to 49 5/16. The
Wal-Mart December 47 1/2 calls rose 1 7/8 to 3 1/8 on triple the average volume.