There is one week remaining on the current Alcoa trade. It is currently Code Orange. The stock closed at $10.26. That is a rise of $0.55 from last week. The Oct $12.00 call ask price closed at $0.02. That is a decline of $0.06 from last week.
Sell The Call expects to see the call expire worthless next Friday. The next option is to sell another $12.00 call with the time frame depending on what the price of the stock is when the trade is made. As of right now, the November $12.00 call does not carry enough value. Sell The Call is currently looking at the December $12.00 call or the January $12.50 call.
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- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. Sell The Call takes no responsibility for any losses or gains that occur from trades using its material.
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