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October 24, 2013  Thu 7:32 AM CT

F: SEE CHART GET CHAIN FIND STRATEGIES
Earnings, Revenue Beat the Street

Ford Motor earned $0.45 a share in its third quarter on sales of $36 billion. Analysts had only expected $0.41 and $34 billion, respectively. F has its engines revving and is up 4 percent before the opening bell on my tradeMONSTER platform!

Shire Earnings Beat, Outlook Raised

British drugmaker Shire earned $1.77 a share, beating the $1.65 consensus estimate. Management also said that profit will rise in the mid- to high teens, up from an earlier forecast for double-digit growth. SHPG climbs 7 percent in the pre-market.

Sellers Hit Symantec After Report

Symantec's earnings beat the Street, but revenue of $1.64 billion missed the $1.69 billion estimate. Guidance was also subpar, with the current quarter's top line seen at $1.67 billion or less and profit of no more than $0.43 a share. Analysts expected $1.79 billion and $0.51, respectively. SYMC drops 14 percent on the news.
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Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

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