April Trades

Trades:

• Queued a Buy-To-Close 5x DNDN Strike 11.00 Limit 0.55
• This is the maximum buyback I can do without going into overdraft on the account.
• Filled at ~0940h. ~3% loss.

Gut Check:

• DNDN is still rising. Over 11.50 and will probably keep climbing. During the day, a temporary dip might allow me to close the position at 0.55.
• The Buy-to-Close order was filled, thankfully. Of course, now I will be supremely pissed off if the stock takes a dive!
• Probably no point writing an option for Strike 12.00 or 13.00. Both are more or less at just time value now, and the Ask was equal to the Bid on the Strike 12.00. I'll probably sit tight for now. Might possibly write something on Friday, but at this point I'm starting to get gun-shy.
• Feeling annoyed and anxious.
• At least DNDN is inching back up. I can probably write a Strike 14.00 soon, and then I won't care if I'm assigned. I'd really like to exit DNDN with a healthy profit despite a lousy April.