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January 14, 2013  Mon 7:33 AM CT

AAPL: SEE CHART GET CHAIN FIND STRATEGIES

Orders for Parts Reduced Last Month

The Wall Street Journal reported that Apple cut orders for components used in the iPhone 5 because of weak demand. That has AAPL lower by 2 percent before the bell on my tradeMONSTER platform. iPhone suppliers Cirrus Logic dropped 4 percent and Skyworks Solutions is down about 3 percent.

Verint, Nice Climb on Merger Report

Verint is in talks to be acquired by Israel's Nice Systems, according to a news report. VRNT rose 11 percent on the news and NICE is up by more than 7 percent.

Goldman Downgrades American Express

American Express was downgraded to "neutral" from "buy" at Goldman Sachs, which sees little chance of earnings guidance being raised. The price target remained at $65. AXP fell 1 percent on the news.

Francesca's Issues Bullish Guidance

Francesca's Holdings forecast fourth-quarter earnings of $0.29 to $0.30 a share, while analysts only expected $0.28. FRAN is up 8 percent before the bell.

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The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

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