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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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Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

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