Options Trading News

January 15, 2013  Tue 7:23 AM CT


Same Store Sales Now Seen Rising

Retailer Express previously expected same-store sales to fall slightly in the fourth quarter, but now it sees a small increase. It also raised its earnings forecast to $0.72 to $0.74 a share from $0.62 to $0.68. EXPR pops 16 percent before the bell on my tradeMONSTER platform.

Forest Labs Drops on Weak Results

Forest Laboratories reported a third-quarter loss of $0.21 a share, worse than the $0.14 loss expected by analysts. Net sales of $722.7 million also badly missed the $762 million consensus forecast, sending FRX lower by almost 6 percent in early trading.

Lululemon Sales to Miss the Mark

Lululemon Athletica is trying to blame a "compressed" holiday season, but investors aren't buying it. The yoga-wear retailer said fourth-quarter sales will be $475 million to $480 million, but analysts were looking for $489 million. LULU drops 7 percent in the premarket

QLogic To Beat Consensus

QLogic expects to report third-quarter earnings of $0.19 to $0.20 a share on revenue of $119 million. Analysts had expected $0.17 and $115 million, respectively. QLGC rose 9 percent before the bell.

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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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