Now, let's watch the September Call OI for how Unxl PPS will behave

Let's start out bey recording (from Yahoo data), the Sept Calls:

Call Options

Expire at close Saturday, September 20, 2014

StrikeSymbolLastChgBidAskVolOpen Int 6.00 UNXL140920C00006000 1.70 0.00 1.30 2.00 8 13 7.00 UNXL140920C00007000 1.10 0.20 0.90 1.15 494 15 8.00 UNXL140920C00008000 0.50 0.17 0.40 0.60 414 87 9.00 UNXL140920C00009000 0.30 0.12 0.10 0.45 1,711 63 10.00 UNXL140920C00010000 0.15 0.10 0.05 0.25 46 130

Pay particular attention to Friday's activity in the Sept $9.00 Call, 1,711 contracts were traded.

the effect on the OI will finally show up on Monday, however it would not surprise me to see the OI increase by some

100 to 1700 contacts.

With a projected dirty of Unxl technical advances expected in October, it may very well be that the majority of this

increased OI is represented by contracts that were STO (sold to open).

Think about it:

The PPS closes at $7.62 this past Friday. What happens if the PPS closes at $9.05 on Friday , 9/19?

The PPS would have risen $1.42 in one month ( +18.6 %) and if the $0.30 received after STO'ing the $9 Call is taken into account, that amount goes from $1.42 to $1.72 in total .

$1.72 of profit would be 22.57% on an a projected purchase price of $7.62. That's 22.57% in one month.

With a sub-$9 PPS close on 9/19 , that covered Call position yields $0.30, which would represent a 3.9% one month

'dividend.'

Think that that wouldn't be much?

There are Funds out there that would consider 3.9% in Three Months to be decent rate of return !

So, anyone want to mark this post as a means to test just how wacko ol' Berk truly is?