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Put sellers keep the premium received on the trade if shares trade above $110.00 through expiration day.
Perhaps these individuals doubt that shares will slip beneath $5 by November's expiration day.
Call buyers profit if shares rise through the break-even price of $18.15 by expiration day.
One options strategist, however, expects shares to remain range-bound through expiration day in June.
On the expiration day, all an option is worth is its intrinsic value.
Put sellers keep the full premium received as long as SEH shares exceed $7.50 through expiration day.
Losses accumulate if shares of the EWZ rally above $73.00 ahead of expiration day.
Call buyers at this strike profit if WDC shares rally above $34.84 ahead of expiration day.
Maximum available profits accrue only if WLP shares surge 12.9% to $70 by expiration day.
Additional profits amass if shares rally at least 23.5% to $25 by expiration day in December.
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