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Wednesday, June 16, 2010

EXAS update

So the current trade is doing well. The price of the stock has gone up with better than average volume in recent days. This seems to be primarily due to the fact that it was added to the Russell 3000 Index. No other news has been released.

The technicals (MACD, RSI, DMI) have turned bullish.

With a little over four weeks to go before the option expires, the stock would have to move about 8% or more from its current level in order for the shares to be called away.

- 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.

Monday, June 14, 2010

EXAS is added to Russell 3000

On Friday June 11, 2010, Exact Sciences was added to the Russell 3000 Index. Here is the story. This should give the stock some extra buyers and a little more exposure before the validation results are released.

Thursday, June 10, 2010

Michael Thomsett

Hey

If you are looking to be more educated on the subject of options, I would suggest reading material from Michael Thomsett. He has written more than a few books on options that anyone from beginners (Getting Started in Options) to experts (Options Trading for the Conservative Investor) can use. You can find all his books at his personal publisher's website.

Are you familiar with any options material worth reading? If so, post a comment on the blog and share.

Happy Call Selling!

Tuesday, June 8, 2010

some analysis

So it looks like there was a bit too much greed when the account bought back the original call sold for EXAS. Even though the trade is doing well, it looks like the account gave up $0.50 on the call which will add up to 45% less revenue for the trade.

This is being written as a warning for future greed in the account to be dampened. Let the trade work itself out and do not risk guaranteed profits for only possible future gains.

It is simply a lesson the account has to learn as it continues to grow.

Cheers!

Friday, June 4, 2010

New Capital

More capital has been added to the call selling account. This should allow the account to increase the variety of trades available after the current one ends.

Thursday, June 3, 2010

Six weeks to go on EXAS trade

EXAS has basically stalled in the last week or so around $4.20. All the technical indicators are at a neutral level. There are six weeks left in this current trade. The option is currently showing a last trade of $0.34, which is still pretty good seeing as the stock will have to rally almost 30% in the next six weeks for that trade to be profitable.

So right now the plan is to let the trade continue through to expiration.

- 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.