Parker Drilling (PKD) is one of my covered call positions. I purchased it Mar 22 for $9.65 and sold the May$10 call for $.65. The stock has been steadily rising and closed today at $10.68.
The option premium has gotten pricey with the May $10 contract carrying an IV of 87. The May $12.50 call costs $.45. So the perception is the stock will be moving.
The company has announced an earnings release for May 8. My position in this stock is set, but if someone is looking for a stock on the move, put this on your list to watch.
If it keeps going up I may consider buying a put a few days before the earnings release. It would appear most of the news is preloaded into the stock price.