The account is attempting to finalize its next trade. Research through Optionsxpress and Yahoo! Finance has shown that there is a trade available for Exact Science Corporation (symbol exas.)
The account has found an opportunity in buying shares next week and then selling the July $5.00 calls. The premium right now for the calls is around $1.00. The premium represents almost 20% of the current stock price. There will also be some appreciation value opportunity with the trade at the current price.
- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.
- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth.