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Options Trading News

November 2, 2012  Fri 7:29 AM CT

TRIP: SEE CHART GET CHAIN FIND STRATEGIES

Advertising Sales Drive Earnings

TripAdvisor reported profit of $0.46 a share, beating the $0.42 consensus estimate. Revenue of $212.7 million also exceeded the $211.3 million average forecast. TRIP climbs 20 percent before the bell on my tradeMONSTER platform.

Starbucks Raises Guidance as Comp Sales Grow

Starbucks reported fourth-quarter earnings of $0.46 a share, beating the $0.45 forecast by analysts. Same-store sales also rose more than expected and management increased its earnings projections for the current fiscal year. Profit is now anticipated to be $2.06 to $2.15, compared with previous guidance of $2.04 to $2.14. SBUX is up 8 percent in the premarket.

Bulls Plan a Journey With Priceline.com

Priceline.com earned $12.40 a share in the third quarter on revenue of $1.71 billion. Analysts had only modeled for $11.81 and $1.65 billion, respectively. PCLN surges 11 percent  in early trading.

Alphia Natural Results Better Than Feared

Alpha Natural Resources had a loss of just $0.21 in the third quarter, much narrower than the $0.45 loss expected by analysts. Revenue missed slightly, but investors are focusing on that strong bottom-line number. ANR climbs almost 7 percent on the news.

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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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