Morgan Stanley's stock accelerated to the upside after the opening bell, enough that buyers of the option strategy known as a straddle can make money. A [straddle is a pure volatility play](

Morgan Stanley's third-quarter profit surged 32%, fueled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up 3% before the market open. The investment bank posted a profit of $3.

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Morgan Stanley’s third-quarter profit surged 32 per cent, fueled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up 3 per

Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals.

U.S. futures were little changed while overseas markets were muted.

Morgan Stanley reported third-quarter earnings per share of $1.88 a share, beating analysts’ expectations of $1.59. Net income rose 32% from a year ago to $3.2 billion and topped Wall Street expectations of $2.