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Options Trading News

June 12, 2013  Wed 7:28 AM CT

RMBS: SEE CHART GET CHAIN FIND STRATEGIES

Deal Ends Years of Patent Litigation

Rambus announced it settled a patent dispute with South Korea's SK Hynix, ending years of litigation. The California company will also collect $240 million over the next five years as part of the deal. RMBS surges 10 percent before the opening bell on my tradeMONSTER platform.

Ulta Salon Surges on Earnings Beat

Ulta Salon, Cosmetics & Fragrance earned $0.65 a share in the first quarter on revenue of $582.7 million. Analysts had only expected $0.62 and $576 million, respectively. ULTA gains 10 percent in the premarket.

Spectra Gains on Pipeline Plan

Spectra Energy told CNBC's Jim Cramer yesterday that the company decided to put its natural-gas pipelines and storage assets into a master limited partnership. That will allow some nice upside to the dividend and analysts are liking the move. SE climbs 9 percent in early 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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