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Options Trading News

October 4, 2013  Fri 7:31 AM CT

FST: SEE CHART GET CHAIN FIND STRATEGIES

Eagle Ford Shale in Focus

Forest Oil is selling assets in the Texas Panhandle for $1 billion. The cash will be used to pay down debt, letting the company focus on core operations in the Eagle Ford Shale region. FST rose 9 percent before the opening bell on my tradeMONSTER platform.

Xyratex Drops on Weak Guidance

Xyratex reported better-than-expected earnings and revenue, but the guidance going forward was weak. Fourth-quarter sales will range from $190 million to $220 million, suggesting they will miss the $218 million average analyst forecast. XRTX falls 9 percent in early trading.

Piper Upgrades OpenTable

OpenTable was upgraded to "overnight" by Piper Jaffray, which sees benefits from increased mobile advertising. The price target was upped to $80 from $65. OPEN climbs 3 percent in the premarket.

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Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

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