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Options Trading News

July 16, 2013  Tue 7:34 AM CT

BIDU: SEE CHART GET CHAIN FIND STRATEGIES

Price Target Raised 41 Percent

Citigroup upgraded Baidu to "neutral" from "sell" and raised its target price to $113 from $80. That's pretty interesting given all the strength we've been seeing in other Chinese Internet stocks of late! BIDU rallies more than 6 percent before the opening bell on my tradeMONSTER platform.

No Deal for Heidrick & Struggles

Heidrick & Struggles International is abandoning attempts to sell itself "after consulting with its independent financial advisors." The stock had surged in early June after being approached by private-equity firms. HSII plunges 13 percent in the premarket.

SHFL Rockets on Bally Buyout

SHFL entertainment agreed to be acquired by Bally Technologies for $1.3 billion, or $23.25 a share, in cash. SHFL rallies 22 percent in early trading. Multimedia Games (MGAM), another casino-game maker, rose more than 4 percent on the buzz.

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Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

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