UNDERLYING STOCK SYMBOL Symbol: OPK CURRENT PRICE: $6.39 PURCHASE PRICE: $6.39 NUM. SHARES: 500 TOTAL COST: $3,195
OPTION BUY OR WRITE: WRITE OPTION: 21ST JULY $8.00 CALL PRICE PER OPTION: $ 0.08 CONTRACTS: 5 X 100 TOTAL COST: $40
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.