Pernix Therapeutics Holdings Inc. (fka PTXTQ)

[chilar4567]

It all depends on the price at which he acquired his long share position.
Think about this: If he bot shares @ $4.00 and sold $5 calls why would he want the stock pps to go lower. He'd be a happy camper if the stock went to $5 on expiration day he could buy them back for .05 centavos keep the stock and rewrite.
Full disclosure: I'm currently long August $5 calls. I'm leveraged up the arse, hoping for a deal of sorts over $5.
If pps is under $5 at expiration< I lose everything unless I sell them at some date prior.
The seller would love to see pps @ 4.90.