OptionsHouse

Options Trading News

April 9, 2013  Tue 7:29 AM CT

JCP: SEE CHART GET CHAIN FIND STRATEGIES
CEO Ron Johnson Gets the Boot

J.C. Penney announced the ouster of CEO Ron Johnson yesterday. The beaten-down retailer initially rallied on the news, but then brought back predecessor Mike Ullman. That has investors questioning the competence of the board, and JCP is down more than 6 percent before the bell on my tradeMONSTER platform.

Revenue Lifts Staar Surgical

Staar Surgical reported preliminary first-quarter revenue of $18 million, better than the $16.5 million expected by analysts. The maker of implantable eye lenses cited runaway growth in Europe. STAA surges 19 percent in early trading.

Special Dividend at Corrections Corp.

Corrections Corp. of America announced a special dividend of $675 million, or $6.63 a share. CWX, which closed at $37.97 yesterday, is advancing 4 percent on the news in premarket trading.
Share this article with your friends


Related Stories

JCP

J.C. Penney call buyers back for more

June 3, 2016

The department-store operator is down 26 percent in the last three months, but traders are snapping up calls in the name for the second week in a row.

OptionsHouse

Premium Services

Education & Strategy

Know the risks behind covered calls

Selling calls is a popular strategy for both retail and institutional traders, but they typically do it in very different fashions.

View more education articles »