Two months ago, all my ELLI got sold at around 31 after my $30 covered calls got exercised.
In retrospect, that worked out for the best.
Yesterday, just before earnings I got back in by purchasing the June $20 ($4.6) and $17.5 calls ($7). I will be converting them to shares next month.
They seem to have a $24-$30 trading range. Writing covered calls when you near $28/$29 seems to be a good idea.
Of course, it will work until it gets bought out
Looks like they might hit $26 today from a low of 23.95 yesterday. (because of good earnings)