this is money making machine for MMs
They'll try to run up the 470 W-Calls at the opening...this is normal biz
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Make it Too Jays in Jupiter.
if you own 100 shares of stock, selling Covered Call is money maker too!!... Fund holding large multiple of 100 shares, make out like bandits, by selling Covered Calls... its the speculators buying the wrong Calls and PUts whom lose out
Matty, I agree ..but there are lot better opportunities other than aapl/....