if the party who sold 6800 Jan 2014 $900 calls for $70+ closed out that sale for$52 for a $18 profit then sold the Jan 2015 $900 calls for $102....their giveaway would be $1020 .
But the money is tied up until one trade out of this play
680,000 X $18 = you do the math!
This is how you give yourself a dividend while waiting
Time is a friend to no one.
close to $10 million dollars cash, tax deferred while waiting for the stock to go up, not down
How many here think when the sale of a covered call is suggested; one means the stock needs to fall?
This is not my line of thinking....I am just factoring in TIME. This is a real time illustration to such