Alzamend Neuro Inc (ALZN)

[PennyStockTrader2]

wow anyone see ALZN calls today. The price of the stock has inched up (I will not call this a spike ) to the 1.20 range, and the 2.50 calls expiring on Friday have sold from .05 - , are you ready for this, .20.

Oh my gosh, I dont believe it. I wrote calls to cover my entire underlying position, is it worth the risk, I am cash hungry and Friday is very soon, is it going to 2.50, anythings possible, but not everything is probable. If I were to get called out my entire position, I can live with that. But better yet, we can write calls against the entire (or whaterver part you want) position after Friday (assuming only covered calls here, no naked calls, too much margin and risk required), I can also live with that. Right now the Sept 2.50 call is fetching a quarter, not bad, I wouldnt write fully against that after Friday, but I would probably write 300 calls to raise more cash.