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Wednesday, September 8, 2010

EXAS trade has crossed into the money

Today EXAS has traded above $5.00 making the call option in the money. It closed the day at $5.04. The volume was over double the average for a total volume today of 744,000.

The call bid rose up to $0.60. But it is telling that the rise in the stock was 3 times the amount of the rise of the option. This is forecasting the beginning of the fall of time value at an increasing rate as time remaining on the option decreases. Theta is starting to shrink. This regularly happens with 6weeks or less left in an option.

- 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 that occur from trades using 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.

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