Options Trading News

June 26, 2013  Wed 7:32 AM CT


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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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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