The Arena Pharma trade has gone from Code Green to Code Yellow today. The stock closed the day at $9.83. The Jan $10.00 call ask price closed the day at $0.37. There are 7 trading days left on the trade. The company is presenting today at the JP Morgan Healthcare Conference.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
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** 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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