The call will probably expire worthless next week. The stock is still below the strike price. Earnings for the company were released on Monday and showed that the shares are almost trading for their cash value. They beat the estimate by a penny. There is talk of a possible buyout from a product partner which could add some value for the shares. They will be waiting on test results from their joint product in the next couple of months.
The account might just sell the shares after expiration is over to move on to the next trade. It would involve taking a loss but would free the capital for the next trade. To be sure, there will not be any movement until another profitable trade has been found.
- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account 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 the account will answer them the best way possible can without endangering the trade.