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Options Trading News

June 26, 2013  Wed 7:32 AM CT

SYNA: SEE CHART GET CHAIN FIND STRATEGIES

Mobile Demand Provides a Boost

Synaptics said it expects to report revenue of $227 million to $230 million for the fourth quarter ending on June 30. That's up nicely from the $190 million to $205 million estimate provided earlier. The maker of chips for touch screens cited strong mobile demand. SYNA rallies 13 percent before the opening bell on my tradeMONSTER platform.

Apollo Earnings, Revenue Miss

Apollo Group earned just $0.71 a share in the third quarter, missing the $0.85 average analyst estimate. Revenue of $946.8 million also lagged the $965 million consensus number, hurt by lower enrollment. APOL drops almost 5 percent in the premarket.

Silver Miners Take a Hit

Silver is down more than 4 percent today, and producers are taking it on the chin. Silver Standard Resources (SSRI) declined 5 percent, Hecla Mining (HL) fell 6 percent and Pan American Silver (PAAS) shed almost 4 percent in early trading, to name a few.

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Options Academy: Stops

With the growing popularity of the Advantage Point newsletter, we are picking up new members every single day. So, the powers that be have asked me to stray away from our Option Theory and Strategy topics and discuss a couple of topics related to our weekly trade ideas. This week we are going to talk about how to set and execute our stops.

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