[jim2000]

Thanks Aiki,

The Jan08 calls are .15 so that would be $225 for 15 contracts, minus broker fees. To sell at the 5.0 strike would be $531 profit, minus broker fees. Total of $756 profit, minus broker fees.

I am more than willing to sell at $5.0/share.

I personally think the stock will go to between $5.0-$6.0/share in the next couple of months. But, you never know.

If it hits $5.0 and the shares are assigned, I'm happy. If it goes to $4.80 at expiry, I keep the premium and either sell the shares for a small profit, or sell covered calls again, depending on the situation at the time. If it tanks, I employ your put strategy and limit my losses.

My main goal with this trade right now is to play around with this a little bit to learn the different options strategies and get a little options experience. Also, to salvage this trade.