I think you should do OK. The price on that option is now at $7.50 a share. From June 8 to July 16 it moved from $61.50′ish to $81.50′ish. A $20 return per share in a month is a good thing. My order queue says that break even on that $7.50 a share on the 105 strike will be around $112.50. Watch your time decay as you only have 30 days til expiration. I would look to sell it back to the market (if you don’t exercise) 7-10 days before expiration.
I think you should do OK. The price on that option is now at $7.50 a share. From June 8 to July 16 it moved from $61.50′ish to $81.50′ish. A $20 return per share in a month is a good thing. My order queue says that break even on that $7.50 a share on the 105 strike will be around $112.50. Watch your time decay as you only have 30 days til expiration. I would look to sell it back to the market (if you don’t exercise) 7-10 days before expiration.