Replies to post #5532 on Pernix Therapeutics Holdings Inc. (fka PTXTQ)

[Warrior198]

Your talking about a complex strategy option like a butterfly or an iron condor. I'm talking about strictly writing straight call options. He probably wrote $5 or $7.50 call options and he needs the pps to stay below that so the options expire before crossing the strike and he gets to keep the premium and the buyer of the calls gets nothing