There are two weeks remaining on the Arena Pharma trade. The status of the trade is Code Yellow. The stock closed the week at $8.34. That is a decline of $0.04 from last week. The March $9.00 call ask price closed the week at $0.19. That is a of $0.02 from last week.
The April $7.00 protective put is currently priced at $0.28. That is a $0.03 decrease from when the put was purchased.
Arena Pharmaceuticals will be releasing earnings on Monday before the bell.
Previous covered call trades have been made in AA, OCZ, YHOO, ZAGG, LLEN, CLSN, EDMC, EXAS, ARIA
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