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Options Trading News

March 13, 2013  Wed 7:30 AM CT

SPPI: SEE CHART GET CHAIN FIND STRATEGIES

Fusilev Sales to Fall Sharply

Spectrum Pharmaceuticals predicted it will bring in no more than $90 million selling its Fusilev cancer drug this year. That's a huge drop from 2012's $204 million, and the stock is getting hammered. SPPI drops 35 percent before the bell on my tradeMONSTER platform.

Velti Earnings, Revenue Miss

Velti, which provides mobile marketing technology, earned $0.39 a share in the fourth quarter on revenue of $97.5 million. Analysts had expected $0.59 and $106.9 million, respectively. VELT drops 28 percent in the premarket 

ASM Divestiture Leaves Bitter Taste

ASM International said it plans to divest its stake in ASM Pacific Technology, but Bloomberg is reporting that it will result in maximum proceeds of $567 million. Investors had hoped for more, and ASMI is down 13 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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