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Closed Amylin for a quick profit. Will re-enter again above 10.40

On April 7, I bought I purchased 1/2 a block at 9.25 and wrote 50 may strike 10 calls at 1.10/contract.  I plan on dollar cost averaging at the proper pivatol points as well as rolling options moth after month, until i feel the shares have matured.

Exited 1/2 block of AMLN at 9.72, and bought to cover 50 May strike 10 calls at 1.15/contract for a .42 cent per share times 5,000 shares.  While the call had plenty of time value remaining, I'll lock profit on .47/share versus .05/contract anyday!