Hey everyone
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.
- Opinions are given on this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses occurred from trades that use its material as a basis for the trade.
- The account does not fully divulge all information on companies that have open trades. This is to protect current 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, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.
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