Well, this week the time value of the option disappeared in a day. The reason for this is due to a press release saying a product test result will not be released until after the expiration date.
The stock is still above the the call price and now there are ten trading days until expiration. It seems to be pushing up against some resistence. The fact that news on the product test won't come out until later provides an indication that the stock could come down a bit while waiting. But the option time value in the price has reached a level that is below the time value when the call was purchased.
The Market Makers will probably try to take the stock down before expiration. They were not able to do it for June. But we'll see for this month.
-As always, I do not fully divulge information on open trades. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and I will answer them the best I can without endangering the trade.
skip to main |
skip to sidebar
This blog is being used to track a call selling account. Check the website out at http://sellthecall.com. All comments and questions should be sent to info@sellthecall.com
No comments:
Post a Comment