Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

I sold 10 of the Jan 5 puts for 2.05.

Not bad if you did it recently.

I sold 473 Jan 16 $5 PUT options (= 47,300 shares) at an average $2.44 - mostly between 6/11 and 6/15 - like getting stock for $2.56... don't expect to have these put to me... but I certainly wouldn't mind it... as I expect it to be worth considerably more than $5.00 eventually.

That's the drawback with selling options... you're limited as to how much you make if IPCI rockets... which is why I try to sell PUTS that I think will be above the share price at expiration date.