The current ARNA covered call trade has turned Code Green today. The stock closed the day at $9.12 . The Jan $9.00 call option ask closed the day at $0.38.
Sell The Call has a few options to consider now that the stock is above $9.00 so close to expiration. It will choose between one of the two opportunities below.
- It can let the trade continue on its current track. That will result in the shares being sold and the trade ending on expiration day, December 21. It would total a profit of $1.22 per share.
- It can buy back the $9.00 call and sell a January call (either $9.00 or $10.00) for more revenue.
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.
** Disclaimer** - Sell The Call is simply posting information. This is not a recommendation to buy or sell any of the securities above. Do your due diligence before investing as there is risk to all investments. Be sure to Like ourFacebook page, and follow Sell The Call's Twitter and Stocktwits pages.
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