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Options Trading News

August 29, 2013  Thu 7:31 AM CT

VOD: SEE CHART GET CHAIN FIND STRATEGIES

Verizon Wireless Stake at Play

Vodafone confirmed it's in talks to sell its 45 percent stake in Verizon Wireless. The market has been waiting on a deal for a long time, and today's news is sending VOD higher by 8 percent before the opening bell on my tradeMONSTER platform. VZ is up 7 percent, as well.

Strong Margins Push Guess Higher

Guess earned $0.52 a share in the second quarter, crushing the $0.36 average analyst forecast. Sales of $639 million also beat the $622 consensus number. GES rallies 15 percent in early trading.

Shanda Games Beats on Top, Bottom Lines

China's Shanda Games earned $0.24 a share in its second quarter on revenue of $175.6 million. Analysts had only expected $0.20 and $174.74 million, respectively. GAME is up 3 percent in the premarket.

 

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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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