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Tuesday, August 3, 2010

Future purchase of shares of EXAS

EXAS is currently priced at $4.20 per share. The account should be able to buy another batch of shares in the next couple of weeks if the shares stay at this price or go lower.

The stock has moved almost a dollar in the last couple of weeks. The account thought it would have already be able to buy the shares and has tested the discipline of the account. But the account knows that the plan will work correctly only when it is done properly. This issue is mentioned in a wikiwealth blog post.

The price of the $5.00 October call is still at $0.45, which is also where the account sold calls against the already owned batch of shares.

- 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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