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Tuesday, December 20, 2011

December Trades, continued

Trades:

  • Sold 6 contracts Covered Call ATPG at Strike 7.50, at $0.27
    • ROI 8.00% assigned, 3.39% not assigned

Gut Check:
My ATPG Covered Call order got filled! ATPG rallied when I forced myself to stop looking and do other things. Share price is creeping up even higher.

Since hindsight is always 20-20, I now wonder if I shouldn't have set the Limit price to 0.30. But that's hindsight and speculative trading -- which I don't really want to get into. I don't want to keep watching. I really just want to place one trade a month or even a week and hope for early assignment.

Wondering about the BAC Covered Call now and whether I can close the position at break-even or better, and write a Covered Call for the Weekly again. Will have to see how the prices are.

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