Collect a month’s worth of cash profits in ONE day…

Michael Shulman

How would you like to collect a month’s worth of profits in just ONE trading day?

We did.

Let me show you how.

Exact Sciences (NASDAQ: EXAS) is a molecular diagnostics company that manufactures the only FDA-approved non-invasive screening test for colorectal cancer that can be done at home.

In late-April, the company announced stronger-than-expected first-quarter results. They beat analysts’ consensus estimates for revenue and reporting a smaller-than-expected per-share loss.

Shares went on to make record high after record high before pulling back with the broader market and giving us a prime to enter this trade.

With that frenzied reaction behind the company, it was a great time to sell put options on EXAS.

A Month’s Worth of Profit in ONE Day

Now everyone knows I like to sell weekly options to collect cash every Friday…but, hey, sometimes there is more premium to be had in the monthly options. And that’s what happened with EXAS.

In early May with Exact Sciences stock trading at $93.97, we sold the EXAS May 24th 90 put option for around $140 per contract or $420 for 3 contracts.

We expected to hold the position to closing on May 24th and capture the entire $420 of a premium on expiration.

The next day, Exact Sciences stock price popped to $97.91, the price of our option dropped to $0.45 or $45 per contract. We closed the trade immediately buying back our sold put for $0.45 and collected $0.95 or $95 per contract.

 Our 3 contracts sold netted us $285 for a monthly option position in only ONE trading day.

In closing the trade early, we locked in profit…avoided any late swoon in the stock price … and collected a month’s worth of profits in just ONE day.

You can join in the income cash collection too.

My Options Income Blueprint members are already working our next “weekly paycheck” trade for this week. Start collecting cash immediately when you discover how you could turn next Friday into an extra “Payday”!


About The Author

Michael Shulman is a 30 Year Veteran of the financial markets – as a trader, a financial analyst, a financial writer and most recently as an educator.

Mr. Shulman made his first option trade in 1985 – COMPAQ Computer calls – a position that expired worthless. His second trade broke even; the third brought him a year’s salary, a near twenty to one return on his investment. Michael has never looked back. He entered the financial publishing business formally in 2001 as director of research for ChangeWave Research’s institutional research business and as the writer and editor of Hedge Fund Investing.

He has published two books – Sell Short and Made in America – both of which can be found on Amazon.com and is a frequent contributor to reputable financial sites like Seeking Alpha, MSN, MainStreetInvestor, and Traders Reserve.

His trade recommendations in his Options Income Blueprint, Perpetual Income Portfolio Club and Income Masters services maintain a 98% success ratio, meaning his trades produce the expected income 98% of the time. No one’s perfect.