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July 26, 2013  Fri 7:35 AM CT

SBUX: SEE CHART GET CHAIN FIND STRATEGIES

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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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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