What's the catalyst for a move up above 95 through October? Earnings will next be reported in November so I just don't see one.
Perhaps a buyout offer comes along but that's doubtful-I'd sell the call options and use the cash to buy football tickets.
Go Ducks and Beavers.
These options are currently priced at 1.1 per share with just one month left. I'm also short the 100 call options for the same month.
Long the stock and short the options.
One day later the stock is trading at 82 and these options are worth 1.6/sh.