Friday, June 5, 2009

6 weeks to go, in black so far

Hey everyone

The open trade is currently positioned to end with a profit. The stock price rallied past the call price earlier in the week and finished the week above the call price. The call price has increased its time value (in dollar terms) by sixty percent since the trade was made meaning there is an increased level of interest in the company's stock. The call's expiration is due in six weeks or 30 trading days.

The company was positively covered by CNBC and the call options being traded were mentioned by a writer from Optionsmonster (link with story will be shown after trade is over.) I found the article through Yahoo Finance.

In the meantime, another deposit has been made to the account. Currently the trading account will be able to handle double the activity in four months. This will be one month shorter than it took for the previous set up to take. It is important to keep these deposits coming as it will assist in the accounts growth through new deposits, interest, and trade revenue.

As always, I do not fully divulge information on open trades until they are done. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask me questions and I will answer them the best I can without endangering the trade.

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