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Options Trading News

June 28, 2013  Fri 7:32 AM CT

BBRY: SEE CHART GET CHAIN FIND STRATEGIES

Big Miss for BlackBerry Maker

Research in Motion reported a quarterly loss of $0.13 a share on revenue of $3.1 billion. Analysts had expected profit of $0.06 and $3.36 billion, respectively. BBRY plunges 22 percent before the opening bell on my tradeMONSTER platform.

Accenture Drops on Weak Guidance

Accenture's earnings beat by a penny, but revenue of $7.2 billion lagged the $7.42 billion consensus estimate. Guidance for the current quarter was also weaker than expected. ACN declines 8 percent in the premarket.

AMSC Gains on Legal News

AMSC is getting a boost after the United States Justice Department indicted a Chinese competitor of stealing wind-turbine technology. The move confirms earlier statements by the company, which claims to have been cheated out of $800 million as a result. AMSC is up 11 percent in early trading.

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Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

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