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Monday, April 12, 2010

EXAS trade update

So the EXAS trade has a little under 14 weeks remaining on it. Here are some details on how the trade is going.

- The stock is trading a few cents below where the account bought it. There has not been any news on the company in the last week. Earnings for the company are expected in the first week of May.

- The stock briefly hit its 50 day moving average of $4.10 and moved up off of it. There seems to be some resistence at the $4.75 level. The volume on the stock has been lower than its average. The Bollinger Bands have had a consistent 70 cent channel.

- The option price (July 5 call) has dropped 25% in value during this time and is now bid at $0.95. This is good for the account.

- 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. Please pass the blog address to others that might find some value from it.

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