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Saturday, August 21, 2010

Shares sold...revenue generated

EXAS' stock price fell early Friday morning to fill the account's order for more shares. The account purchased the shares for a price of $4.04. This will drop the average share price from $4.77 to $4.41.

The account sold another October $5.00 call for $40.00 before commissions and fees. This process was done by using Optionsxpress' mobile phone app.

The account has received enough call revenue to bring the cost of the purchased shares to be brought down to $3.83.

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