There is one more week remaining on the Arena covered call trade. The status of the trade is Code Green. The stock closed the week at $9.18. That is a rise of $0.62 from last week. The December $9.00 call ask price closed the week at $0.34. That is a rise of $0.12 from last week.
An interesting point in this day's trading is that the time value for the option went from $0.28 in the beginning of the day to $0.16 at close. Even though it is a significant drop, the price of the option has a higher than normal time value.
Sell The Call will watch the trade and see if a buyback will happen before next Friday.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
If you are interested in futures options or futures etf options, Sell The Call is now following Trading Futures ETF Options.
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