In doing research for the next trade, the account has found a stock Immunomedics (IMMU,) that currently has a very high time value placed on its calls. The Feb 5.00 call is being bid at $0.35.
Since the stock is only at $4.50 range, this provides a decent opportunity for call sellers to pick up some call revenue with the opportunity of picking up trading profits should the stock push past $5.00.
The positive move on the stock seems to be made because of good news (go to yahoo.com) related a blood test for cancer that they have been running.
The call selling account does not have an active trade on this company.
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