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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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Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

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