OptionsHouse

Options Trading News

June 11, 2013  Tue 7:31 AM CT

CTRX: SEE CHART GET CHAIN FIND STRATEGIES

10-Year Deal Removes Uncertainty

Pharmacy-benefits company Catamaran announced it won a key 10-year contract with health insurer Cigna. The deal lifts a major cloud of uncertainty over the Canadian company, and CTRX is up 13 percent before the opening bell on my tradeMONSTER platform. (There's been plenty of upside option activity in this name recently as well, folks.)

Lululmemon Drops on CEO Departure

Lululemon Athletica announced that CEO Christine Day will leave the company, and the board has begun the search for a replacement. It also reported better-than-expected quarterly results, but investors are focusing on that leadership question, sending LULU down by 15 percent in early trading.

SEC Probe Sinks Corinthian Colleges

Corinthian Colleges announced it received a subpoena from the United States Securities and Exchange Commission last week. The agency is seeking information relating "to student information in the areas of recruitment, attendance, completion, placement, defaults on federal loans and on alternative loans, as well as compliance with U.S. Department of Education financial requirements, standards and ratios." COCO tanks 14 percent on the news.

Share this article with your friends


Invest Like a Monster - San Antonio: October 9-10

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »