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October 25, 2012  Thu 7:27 AM CT

PSSI: SEE CHART GET CHAIN FIND STRATEGIES

Medical Distributor Valued at $2.1 Billion

PSS World Medical announced it will be purchased by McKesson for $29 a share, or $2.1 billion. PSSI, which closed below $22 yesterday, shoots higher by 33 percent in before the bell on my tradeMONSTER platform.

Zynga Earnings, Revenue Exceed Consensus

Zynga reported breakeven results for the third quarter on revenue of $316.6 million. Analysts had expected a loss of $0.01 per share and revenue of $256.43 million. ZNGA rose 16 percent in early trading.

Strong Results Drive Akamai Higher

Akamai Technologies reported third-quarter earnings of $0.43 a share, versus the $0.41 consensus forecast. Revenue of $345 million also beat the $338 million estimate. AKAM pops 10 percent in the premarket.

Crocs Plunges After Sales Trail Expectations

Crocs earnings beat expectations, but revenue was just $295.57 million. Analysts had expected $302.37 million. Guidance was also below current Street numbers, and CROX is down 12 percent before the bell.

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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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