Options Trading News

January 18, 2012  Wed 7:18 AM CT

Fourth-Quarter Revenue Is Light

The investment bank this morning reported fourth-quarter earnings of $1.84 per share, beating the consensus forecast of $1.24 EPS. Revenue totaled $6.05 billion versus the $6.54 billion that had been expected. GS is up 1.5 percent on tradeMONSTER's extended-hours platform.

Bullish Outlook Lifts Linear Tech

The chip maker gave bullish guidance that overshadowed mixed quarterly results, saying its business has reached "an inflection point." The company said last night that it earned $0.38 per share in its fiscal second quarter, missing the $0.39 EPS that analysts were looking for. But it reported revenue of $294.3 million, beating the $292.6 million estimate, and projected gains of 4 percent to 8 percent in the third quarter versus Wall Street's 3 percent forecast. LLTC is up more than 8 percent this morning.

Cree Dims as LED Demand Fades

The manufacturer of light-emitting diodes missed forecasts for its fiscal second quarter and issued disappointing guidance as it faces a glut of LED products worldwide. Cree reported adjusted earnings of $0.25 per share on revenue of $304.1 million, falling short of Wall Street's estimated $0.26 EPS on $309.7 million in revenue. It also issued a third-quarter outlook of $0.18 to $0.25 EPS on revenue of $290 million to $310 million, well below the consensus estimate of $0.30 EPS on $321 million in revenue. CREE is down more than 4 percent in the pre-market.

Majesco Plunges After Posting Loss

The videogame company came up short in its fourth-quarter results and is predicting weak numbers for this year. Management reported an adjusted loss of -$0.07 on revenue of $25.1 million for the period ending in December, missing the consensus forecast an earnings gain of $0.04 per share on $27 million in revenue. Majesco also projected earnings of $0.25 to $0.35 per share for all of 2012, well below the average analyst estimate of $0.46 EPS. COOL is down more than 26 percent in the pre.
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The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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