Chesapeake Energy Corp (CHK)

[FortyNightWave]

Everything about this year is novel. I can't wait to see what happens the 30th. Also there could be speculation that Trump might reverse the Iran deal, which would eliminate most if not all of the daily oil surplus. I think the 7.50 calls have a higher chance of paying out a pretty hefty sum of money. Still, I want to sell the 9 dollar calls off of high implied volatility (betting that even if the stock gets to only 7 dollars, the contracts will appreciate considerably). The reason I have the 9 dollar calls is because at that strike I was able to get 360 contracts at a price where they have not experienced that exponential increase due to close proximity of share price to strike price. I'm kind of new to options, do you think my strategy is somewhat sound? Aside from being concerned about stuff like whether or not oil goes up, or if CHK follows or not, I'm with whether or not there will be the kind of liquidity needed to sell the calls if the date gets too late.