Options Trading News

October 9, 2013  Wed 7:31 AM CT


Business Weak in Key China Market

Yum Brands earned $0.85 per share on sales of $3.47 billion in the third quarter. Analysts had expected $0.93 and $3.53 billion respectively. YUM declines more than 6 percent before the opening bell on my tradeMONSTER platform.

Ariad Plunges on Drug Toxicity

Ariad Pharmaceuticals disclosed that its leukemia drug Iclusig caused serious arterial blood clots in almost 12 percent of patients. That's worse than the 8 percent rate previously reported. ARIA plunges more than 60 percent in early trading.

Men's Wearhouse Rockets on Takeover Bid

Men's Wearhouse received a takeover offer from Jos. A Bank for $48 a share in cash. That has MW higher by 33 percent in the pre-market, while JOSB is up 10 percent.

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Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

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