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Options Trading News

January 17, 2013  Thu 7:29 AM CT

CBS: SEE CHART GET CHAIN FIND STRATEGIES

Strategic Move Seen Unlocking Value

CBS announced it would convert its billboard operations into a real-estate investment trust, lowering its tax bill in the process. The company's overseas properties will also be sold. That's sending CBS higher by almost 10 percent before the bell on my tradeMONSTER platform.

eBay Earnings, Revenue Beat Consensus

The online auction giant reported fourth-quarter earnings of $0.70 a share on revenue of $3.99 billion. Analysts had expected $0.69 and $3.98 billion, respectively. The beat is sending EBAY higher by 3 percent in early trading.

K-Swiss Pops on Takeover News

The sneaker maker agreed to be acquired by South Korea's E.Land World for $4.75 a share. That's a nice premium to its $3.19 closing price yesterday, and KSWS is rocketing 48 percent on the news.

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Education & Strategy

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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