When a stock is trading in a range, sometimes a covered call strategy can be a good way to take advantage of the situation.  Sunpower (SPWR) has been range-bound for most of the year and is trading somewhere near the middle of its range. A trader is attempting to capitalize off the situation by making a 2,000-lot of covered call trade expiring in January. The options premium collected in the period provides a nearly 6% return on cash.