Options Trading News

October 26, 2012  Fri 7:26 AM CT


Earnings, Revenue Exceed Street Estimates

Expedia earned $1.32 a share in the third quarter on revenue of $1.20 billion. Analysts had only expected $1.26 and $1.17 billion, respectively. That beat is pushing EXPE higher 17 percent before the bell on my tradeMONSTER platform.

Deckers Sales Lag as Inventories Pile Up

Deckers reported strong earnings, but sales missed by a mile. Revenue of the third quarter was just $376.4 million, well below the $413.5 million total expected by analysts. Management also cut the growth forecast as inventories piled up. DECK plunges 18 percent in early trading.

Cerner Posts Strong Results as Bookings Climb

Cerner earned $0.60 a share, beating the $0.59 consensus forecast. Revenue of $676.5 million also beat the $651 estimate and bookings rose 18 percent to a new record level. CERN pops 13 percent in the premarket.

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Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

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