I posted a lot of option trades on the big thread today. Trade of the day was an ALE covered call at strike 65 JAN 15 for 1.10. That's a good premium for a financially solid utility stock with a highish div. There is usually no trading volume unless I make it and it takes hours lol. I am averaging about two round trips covered calls a month. A few covered puts as well. One of these days my puts will get exercised and then I'll own 200-300 shares. Then maybe I can be the ALE option WHALE. 
The spreads on ALE options are just stupid. Like no bid/$10.00 to get things started. It might take a day but eventually somebody gets impatient and pays what I regard as way too much. I better not mind getting assigned because I won't be dumping a contract in a hurry.
The spreads on ALE options are just stupid. Like no bid/$10.00 to get things started. It might take a day but eventually somebody gets impatient and pays what I regard as way too much. I better not mind getting assigned because I won't be dumping a contract in a hurry.