the option market is telling a very very good clue on the short term for C shares. Note that the January $4 calls, are now bid only 2 cents. That is right 2 cents and that is with almost a month left on the contract. This is telling you that they know that the stock will not move up soon. Huge overhanging supply of stock. Even the march $4 calls are now bid only 14 cents with three months left. This tells you that in the next three months, C has essentially zero chance of getting to 4 dollars. I would be a seller of ANY out of the money calls for at least the next three months expiry, as they will only decrease in value.
I am sure you would have issued that opinion in March, and then again in August. Timing is everything. I have 3000 March 4's at 12 cents and think I will do OK. I also have 4000 at at 24 cents, and still think I will do Ok.
Time will tell
Why buy calls on a stock that is, itself, priced like an option that doesn't expire. Relax, grab some of this stuff and then forget about it for two years.
Hell, it could go below $2 before it hits $5, but this is one HELL of a bargain if you have the bucks and the balls.
The open interest is a negative, not a positive.
If one is to play C from the long side, one has to either buy the stock and hold it for the long term, or by leap options , prefarably ones in the money. Buying short term out of the money calls on C is just like throwing money into the garbage can and burning it. Watch and learn.