Just today you could have taken advantage of a $.55 premium on the Sept calls. You almost 100% know that at options expiration, this stock will be under/around $9. It is free money people! Last chance to take advantage of option premium before we get catalytic news!
No worries. We all know how this thing works. It looks like it could go to $10 for a while, then next thing you know, back under $9 she goes. The green today is only a temporary rebound before going red into next week. After next week, nobody knows where/how high the stock will go. It could stay under $9 again, or under $10. We'll see.
Great call stockathlete. I sold the Sept 9 for .50 yesterday. Hopefully they expire worthless and I get to write them for next month. I don't believe any news is going to happen until Nov. Thanks for the idea!
No problem. I probably won't be selling calls next month personally, as it will be too close to the next catalyst. But, it could provide great profit potential. I might decide a week or so before expiration. We'll see.