Interactive Brokers Group (IBKR) NewsBite - IBKR Q2 Profit Misses Estimates

Posted on Friday, July 25, 2008 3:10 PM

Interactive Brokers Group Inc. (IBKR) opened at 27.29. So far today, the stock has hit a low of 26.78 and a high of 28.75. IBKR is now trading at 25.98, down 6.22 (-22.79%). The stock hit its 52 week high of 35.93 in February and set its 52 week low of 20.25 in March. IBKR has been rising for most of the past year. Interactive Brokers Group announced yesterday after the market closed its second-quarter profit surged 58% to $18.3 million due to an increase in trading gains. The company posted earnings of 44 cents per share, missing analysts' predictions for a profit of 50 cents per share. Technical indicators for the stock are neutral and slightly improving. If you’re looking for a hedged play on this stock, consider an August bear-call credit spread above the $30 range. IBKR stock could rise up to 15.5% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]