$VHC – Huge Option Premium

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VHC posted some good news today:

“Under the terms of the Agreement, VirnetX has agreed to license certain of its patents to Aastra USA, Inc., for a one-time payment to VirnetX and an ongoing reasonable royalty for all future sales through the expiration of the licensed patents as outlined in the Agreement with respect to certain current and future IP-encrypted products. Under the terms of the Agreement, the Parties have also agreed to dismiss the patent infringement case between the Parties and their affiliates before the U.S. District Court for the Eastern District of Texas. All other aspects of the agreement were not disclosed. “

Which resulted in a 22.5% gain and huge gain in options premium.

I am going to be watching it closely tomorrow, there is an opportunity here to sell some options and collect that premium.

@affluenzavirus

4 Responses to “$VHC – Huge Option Premium”

  1. affluenzavirus

    They have earnings on the 10th I believe. But you could do a buy-write selling weeklies that expire tomorrow. Just an idea.

  2. This is The Devil’s stock. I will give you scoop in PPT.

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