and when you are staring at 4800 shares, you can breathe a sigh of relief because you actually made a nickel if you sold those suckers. The 12.5's only played 30 pennies, if you had guts, you'd buy back the 10's and sell 12.5's and make twenty cents on the swing, but you'd better be calling the bottom.
In the meantime, if you were fifty fifty split your covered call position above, you lost a nickel or couple hundred, not couple thousand, facing flopsweat.
It will take guts even to hold this position for a while, as gold may kick back a bit, never know.
Option expiration Max Pain has us at 15, 14.33 most negative position. That's sixty cents from now, and it looks like there is enough volitility to take that ride.
But by Monday, come hell or high stock price, another nickel or dime will drizzle from the premium of even these deep in the money calls. And that's five hundred bucks thanguverrymush.