Sell copper call option, strike $8200, June 07

BREND said:

June option expiration date is on 6 June 07, which is less than 2.5 weeks away.

Maintain my bearish view on copper, but do not want to short at current level of $7493.

So advise my clients to sell copper call option, strike $8200, Jun07 at premium USD625.

http://basemetal-trading.blogspot.com/2007/05/sell-copper-call-options.html

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BREND said:

Yesterday is option expiration date, copper is trading at $7500 yesterday, so the option expires worthless, and premium is kept.

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