Options Trading News

June 4, 2013  Tue 7:44 AM CT


Earnings, Sales Outlooks Trimmed

Dollar General's results were mixed, with profit matching expectations but sales weak. The real news, however, was the outlook. Management now sees full-year profit of $3.15 to $3.22 a share, versus an earlier range of $3.15 to $3.30. The top end of the sales guidance was also trimmed from 12 percent to 11 percent. DG falls 6 percent before the opening bell on my tradeMONSTER platform.

Piper Says Infiniti Pharma Too Cheap

Infiniti Pharmaceuticals peaked above $50 in March and April, but lost fell all the way to $16.41 yesterday. Now Piper Jaffray is stepping in and calling the company "too cheap to ignore." Its $50 price target and "overweight" rating were maintained. INFI rises 9 percent in the premarket.

Deal Talk Lifts Morgan Hotel

Morgan Hotel said its slate of nominated directors intends to begin a process of selling the company. The move follows unsolicited interest in the firm, and shareholders will vote on the directors at a the annual meeting on June 14. MHGC surges 16 percent before the opening bell.

Share this article with your friends

Invest Like a Monster - San Antonio: October 9-10


The fastest money in the market
View full report »

Premium Services

Archived Webinar

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.

View more education articles »