I want to lock in some gains and lower cost by selling calls on a portion of my holdings. The sept 40's seem to be at bid @7 7/8 Is this possible? That seems like a bargain and a great premium. Does anyone know if that is the actual quote or if it has just not been adjusted for the split? Please help!!! SPLS doesnt seem volatile enough to command such a high premium but pre split, 7 7/8 seems to low for a stock trading in the money with 6 months to go.