Options Trading News

November 21, 2012  Wed 7:24 AM CT

High Margin Products Take A Hit

Scholastic lowered its guidance for the current fiscal year. It now expects to earn no more than $1.60 a share, compared with previous guidance of $2.20 to $2.40. Revenue will also miss expectations, but the real problem is that schools are spending less on high-margin products. SCHL craters by 21 percent before the bell on my tradeMONSTER platform

Deere Squeezed by Higher Costs

Deere reported fourth-quarter earnings of $1.75 a share well below the $1.88 average analyst estimate. Revenue beat expectations, but higher costs squeezed profits, and DE is lower by about 2.5 percent in the premarket.

Cirrus Logic Climbs on Buyback Plan

Cirrus Logic announced a $200 million stock buyback. That's about 10 percent of the company's market cap, and CRUS is popping by more than 6 percent before the bell.
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The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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