InterMune Inc. (ITMN)

[Kenticus Maximus]

Oh man are my ears burning! I subscribe to a site called "optionistics", where I find expensive call options. In February I noticed the March call premiums for ITMN were about 40%, which is just crazy high. But instead of doing covered calls, I just bought the stock and bought some 15 puts as protection. It did boost my cost a bit, but it was worth it. I took just 1/4 off the table today, looking for another boost on Tuesday. On Monday I'm going to roll the 15s over into 20s or 22.5s. You just never know what these panels will do....
Regards, Kent