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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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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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