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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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The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

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