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Saturday, October 16, 2010

Exas trade closed out (PROFIT)


The account's exas trade was settled yesterday at the close of trading. The option expired and the stock was sold. The stock closed above the $5.oo strike price.

The account had an average cost after commissions (both buy and sell) of $4.58. The shares were sold for $5.00. There was a stock price appreciation profit of $0.42 per share. That is a 9.17% profit over a course of seven months. The call revenue generated another $0.58 per share. That is a 12.66% profit on its own over the seven months. The total profit amount of $1.00 per share profit after commissions represents a profit margin of 21.83% over a 7 month time frame.

Thanks to Optionsxpress and Yahoo! Finance for the tools to analyze and execute this trade.

Time to find the next trade!

- 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. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!

- 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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