PRA has been trading in a range since the position was put on.
And as I write this, it is trading around $15.27.
We can collect $.20 per share by selling the November monthly calls against the position and that is what I suggest you do.
Here is the trade:
Sell to November 20th - $17.50 call for $.20.
These calls expire in two weeks.
This will bring to $1.00 per share the premium collected on the position.
And if the calls are assigned on the 20th, the return will be 12.5%.
Only sell these calls if you are long the stock. And sell 1 call for every 100 shares you own.
This alert applies to you only if you own shares in PRA.