Options Trading News

July 26, 2013  Fri 7:35 AM CT


Earnings, Sales, Outlook All Strong

Starbucks earned $0.55 a share on sales of $3.74 billion. Analysts had only expected $0.53 and $3.72 billion, respectively. Guidance was also above consensus for the current quarter. SBUX gains 7 percent.

Activision Rallies on Buyback Deal

Activision Blizzard announced it would buy back 429 million shares from Vivendi for $13.60 a share, a nice discount to Thursday's close. An investor group led by CEO Bobby Kotick will also snap up 172 million shares for the same price. ATVI rallies 18 percent on the news.

Expedia Hammered on Weak Results

Expedia's costs are rising, and the stock is cratering! Second-quarter profit totaled just $0.64 a share, well below the $0.79 forecast by the Street. Revenue of $1.21 billion also missed the $1.26 billion estimate. EXPE plummets 23 percent.

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Education & Strategy

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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