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Options Trading News

December 12, 2012  Wed 7:31 AM CT

SCMP: SEE CHART GET CHAIN FIND STRATEGIES

Glaucoma Drug Going to Market

Sucampo Pharmaceuticals said that the Food and Drug Administration approved its Rescula drug for patients suffering open-angle glaucoma. The product will be marketed in the first quarter of next year. SCMP is up 14 percent before the bell on my tradeMONSTER platform.

Costco Earnings, Revenue Beat

Costco reported first-quarter earnings of $0.95 a share, beating the $0.93 consensus estimate. Revenue of $23.72 billion also beat the $23.67 billion expected by analysts. COST is up 1 percent in early trading.

Clearwire Up on Buyout Chatter

Clearwire popped yesterday on reports that Sprint Nextel would buy out minority investors Intel and Comcast. CLWR, which offers wireless broadband services, is active again this morning and is up another 3 percent in the premarket.

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Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

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