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Tuesday, March 23, 2010

New Trade

Hey everyone

The account on Monday purchased shares of Exact Sciences for $4.77. It then sold the July $5.00 call on Monday for $1.25 revenue. This was a trade that is longer than normal (four months) but the revenue from the call is much more than normal for a stock at this price. The stop for the stock is currently set up for the $3.30 range.

The account was able to find this trade using tools from Optionsxpress and Yahoo Finance.

- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions given to the reader. 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 with the help of selling calls.

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