Alcoa Inc. (AA, $16.08) shares are trading 4.5% higher this morning following an upgrade from "Hold" to "Buy" at Deutsche Bank with a price target change from $14 to $22 a share.

Equinix, Inc.(EQIX), the Foster City, CA based provider of network neutral data center services, sees an investor open a large Bullish option position today.

eBay Inc. (EBAY) is seeing Bearish Put activity this morning with the Jan. 29 and 30 strikes seeing investors paying the offers for options that profit if the shares drop below the chosen strike price.

The St. Joe Company (JOE), one of Florida's largest real estate developers, is seeing Bullish option activity today following renewed takeover chatter as reported by Theflyonthewall.com.

First Solar, Inc. (FSLR), the designer and manufacturer of solar electric power modules, sees option volume equal to its daily average during the first hour of trading with investors taking a somewhat Bearish opinion.

Corning Incorporated (GLW) is seeing unusual Call activity this morning following a positive report in Barron's over the weekend.

Radian Group Inc. (RDN), the Philadelphia, Pa. based provider of financial guarantee insurance, has seen 3 times its average daily option volume in the first few minutes of trading this morning with the Jan. 9 Calls receiving nearly all of the attention.

Discover Financial Services (DFS) is seeing Bullish option activity today ahead of next week's fourth quarter earnings release.

Cisco Systems, Inc. (CSCO) Calls are active this morning with investors focusing on the weekly Dec. 20 strike.

Boyd Gaming Corp. (BYD) is seeing early Call activity with the Jan. 10 strike receiving the most attention.

H&R Block Inc. (HRB), the nation's largest tax preparer, is seeing Bullish option activity ahead of this afternoons Q2 earnings release.

Clearwire Corp., a US provider of wireless broadband services, sees a Bearish Put spread positioned this morning with an investor buying 5,000 June 5 Puts for $.70 and selling 10,000 June 4 Puts at $.30.