options premiums on both puts and calls vaporizing. intrinsic premium at the money off over $ 2 -- $ 5 to $ 3 -- since earnings announcement blastoff last week. I feel that gap in price is coming soon. I was trying for $1.00 or more for NOV 85 short calls and they kept dropping bid as stock price inched up today. That makes me think down is direction as covered call writers abound.