There is one more week left on the Arena Pharma trade. The trade is currently Code Yellow. The stock closed the week at $9.66. That is a rise of $0.66 for the week. The Jan $10.00 call ask price closed the week at $0.23. That is a rise of $0.09 for the week.
Possibilities abound for next week with this trade. Sell The Call will be watching closely during the week to see if the trade does move into Code Green territory. If that is the case, the option of buying the call back and selling a later one is a possibility. Letting the trade end Code Green is also a possibility. If the trade does not end in Code Green status, the plan is to sell a February call.
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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