Options Trading News

January 9, 2013  Wed 7:29 AM CT


Sprint's Price Being Challenged

Clearwire had accepted a $2.97-per-share takeover price by Sprint Nextel, but now Dish Network is jumping in with a $3.30 bid. That has CLWR up more than 7 percent in before the bell on my tradeMONSTER platform.

Apollo Group Lowers Revenue Guidance

Apollo Group's first-quarter results beat expectations, but the outlook remained weak. It now sees 2013 revenue of $3.65 billion to $3.75 billion, down from an earlier range of $3.65 billion to $3.80 billion. APOL is down 9 percent in early trading.

Global Payments Earnings, Revenue Beat

Global Payments earned $0.93 a share, beating the $0.87 average analyst forecast. Revenue of $588.5 million also exceeded the $574.82 million consensus number, and management raised its full-year profit outlook. GPN rose 4 percent after the bell yesterday but hasn't traded yet this morning.

AZZ Continues to Make New Highs

AZZ earned $0.60 a share in its third quarter, while analysts had only expected $0.57. Revenue missed, but investors are focusing on that sold profit number, bidding AZZ up 3 percent in the premarket today.

Share this article with your friends

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

Premium Services

Archived Webinar

Education & Strategy

Options Academy: More on the Covered Call Strategy

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.

View more education articles »