Options Trading News

June 13, 2013  Thu 7:31 AM CT


Rich Premium for TV Broadcaster

Gannett agreed to purchase broadcaster Belo for $1.5 billion, or $13.75 a share, in cash. That's a nice premium from BLC's $10.73 close yesterday and expands the newspaper company's reach in television. BLC surges 28 percent before the bell on my tradeMONSTER platform and GCI is up 21 percent! 

Spreadtrum Raises Guidance

Spreadtrum Communications raised its revenue guidance for the second quarter. The chip maker now expects $270 million to $278 million, compared with an earlier estimate of $220 million to $228 million. SPRD rallies 19 percent in early trading.

PVH Earnings, Revenue Beat Expectations

PVH earned $1.91 a share in the first quarter, beating the $1.35 average analyst estimate. Adjusted revenue of $1.94 billion also beat the $1.91 consensus number and top-line guidance was strong. PVH climbs almost 8 percent in the premarket.

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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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