Options Trading News

January 17, 2013  Thu 7:29 AM CT


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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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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