The current Celsion covered call trade ended today. The trade ended as Code Orange. The stock ended the week at $1.98. The Dec $3.50 call expired worthless. Sell The Call still owns the shares.
Sell The Call has a couple of options moving forward. One is to immediately go back into the options market and sell the next profitable call. But there is also an opportunity to purchase more shares before making another covered call trade in the next 4 -6 weeks. The decision depends completely on what the stock price does in the next month or so. If the stock rises to a point where the wait to buy more shares is determined to be too long, Sell The Call will simply sell calls on the shares it currently owns.
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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.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and Sell The Call will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
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