Hyperdynamics Corp (HDYNQ)

[LarryLivingston]

this is how it works:

I own 100 shares, some market participant paid me 80$ (.80 per share) for the option to buy my shares at 6$ by June expiry.

If this person wants to make a profit, HDY has to go over 6.80$ before June expiry. If it is under 6$ by then, I get to keep the 80$ and my shares, otherwise I have to surrender them for 6$ a share.

I'm tempted to buy more shares and sell more covered call contracts.