Over the last two days I have changed my position in my holding of MED. I bought back the March $10 call, which I had sold at $.50, for $.10. Today I sold the June $10 call for $.75. This is a 7.7% premium on the current share price.
I have collected a net total of $195 of option premium less commissions of $28 on 100 shares (single option contract trades) of MED. I originally purchased the shares for $9.75 and they are currently trading for $8.43, so I am pretty close to even. I still think it is a good stock and I have upside to the strike price of $10.
The volatility of MED has allowed me to trade in and out of the options for good premium. However, trading a single contract at a time causes commissions to eat up a good portion of possible gains.