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Options Trading News

April 12, 2013  Fri 7:32 AM CT

WLT: SEE CHART GET CHAIN FIND STRATEGIES

Shipments, Pricing Starting to Improve

Walter Energy said in a preliminary statement that its business improved in the first quarter as metallurgical coal sales start to increase. Volumes are expected to improve 9 percent and prices are beginning to tick higher. That has WLT up almost 7 percent before the bell on my tradeMONSTER platform.

Ashland Gains on Jana Investment

Hedge fund Jana Partners disclosed it has built a 7.4 percent stake in chemicals producer Ashland. It's now the second biggest shareholder, and is in talks with management to improve the stock price. ASH climbs 6 percent on the news.

Harris Drops on Sequestration Effects

Harris third-quarter earnings were about $1.12 a share on revenue of $1.2 billion. Analysts had expected $1.26 and $1.32 billion, respectively. The defense contractor blamed sequestration, saying "the uncertainty is unprecedented." HRS dropped 7 percent in extended trading.

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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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