InterDigital Inc (IDCC)

[sonetirot]

Mickey: your thinking may be right. Buyer have the right to EXCERCISE at $15 (30 cents higher than close). It would not move his price at all. In normal circumstances most buyer would let it expire. Big buyer (who want to accumulate large amount might not care for small change). Anyway option seller (and/or MM) would start to buy shares on tuesday in case naked call seller. Most regular covered call seller would start to buy shares again on Tuesday so they could sell covered call again. So far it is very profitable for option seller to sell IDCC covered call.
It would be more buying pressure on Tuesday. More likely price would move up.
Since IDCC close $14.70 on friday. I still need to wait until tomorrow or Monday wheather or not I would get PUT 1000 shares for shorting 10 JAN 15 PUT. In normal circumstances I would get 1000 shares. However Buyer has the RIGHT to sell (or not selling) to me at $15 which is 30 cents higher than Friday close.
PS: Still short 10 FEB 15 PUT. This is my way of accumulate shares slowly and making money at the same time if I do not get PUT.