### Comment:
I’m new to this: does that mean owners of the stock are offering their shares for Covered Call contracts deep ITM because if the stock tanks they have protected themselves by getting out or are they thinking the stock will really go low and this way they can keep the stock and collect a large sum?

### REPLY:
Depending on what he calls 'deep in the money' It could just mean they were sold a long time ago and they didn't expect it to be this high. 
  
 I would consider $12-13 deep in the money right now, but 3 months ago those seems like pretty comfortable call sales.

### END.