Apart from the burst of excitement in Jefferies this morning, overall volume is relatively slow today and on pace for 15.6 million contracts, or 83% of the recent adv. Financial services are one sector that is busy, and Morgan Stanley leads that list with several large premium sales printing on the ISE earlier today. 12 min into the day was a seller of 5000 Jan 15puts for 1.20 to open when MS was trading near 17.23, then at 11am an opening cust seller collected 3.20 for 10000 April 17puts tied to 460K shrs at 16.34, and last was a sale of 5000 Jan 16 straddles for 4.30, also marked opening cust on the ISE.