correct, Plus I don't currently own the stock and it didn't cost me I was deposited 20 dollars per contract so 200 dollars was deposited into my account the commission on 10 contracts is 6.00 so it was 194.00 dollars put in my account.
So now I wait till 2/19 and if the stock is trading at or above 2.5 it will expire worthless and I keep the money 100%. If it is trading below 2.5 I will have to buy 1000 shares at 2.50 but I still keep the premium I was paid so my cost would be 2.30 for the shares.
It reduces my buying power in my account 2500 until the contracts are removed.
So I have 13 days till expiration to see what happens. There are things you can do. You can buy it back or if you take assignment you can turn around and sell calls. You can also avoid assignment by rolling it over to the next month expiration for an additional credit to avoid assignment.
It is a great way to collect dividends (Premium) ! 90% or better of all option contracts retire worthless that is why the seller always comes out on top and the buyers of options almost always lose!
News 
Market Data 
Discover 
