Since recommending the InterOil (IOC) stock and November 35 calls at $35 and $4.45, respectively, the stock has moved to just under $39 a share. That gives us an 11% gain on the stock, and a 24% gain on the calls, which now trades with a bid-ask of $5.25 x $6.35. Close both positions. The underlying stock is becoming a bit over-extended.
Ian L. Cooper
Forgotten Profits