Replies to post #2006 on Antares Pharma, Inc. (ATRS)

[newbiemike123]

Scuba steve,

Sorry to disagree but I do think your august covered calls are going to be assigned for one big reason - starting on August 1, 2013, the new 52 week high will be 4.66 and that is only 30c away. It's going to be close but I bet on the August options market close, your calls will be in the money just because once we take out that 4.66 high, there will be a lot of technicians playing the 52 week high momentum swings up. This is the main reason I haven't sold any calls. I am losing out on the time premium but I think ATRS will be 5+ in 2 weeks and 6+ in september with $8 in early october.

Even if you get assigned, you can always buy and write more calls for the $7.50 strike :)