Trades: None
Gut Check:
If you've been following so far, you will know that I have shares of ATPG and BAC.
Values plummetted on the day I was looking at writing Covered Calls, so the option premiums were lower. Now, mere days later, they've rallied quite bit -- enough to shift premiums by over 10 cents for ATPG! 10 cents doesn't sound like much, but multiplied by 600 shares, that's a $60 difference.
This is the part about options I really need to keep a rein on. With options, I've taken my profit already and need to relax and give up future profits with no regret. In any case, I can't exit my options positions now without a substantial loss.
So the Bad News is that I could have made a heck of a lot more money. Maybe next time I'll wait a bit before writing my options -- or put in an order at a target Bid price.
The Good News is that there's a higher likelihood that I'll get assigned, which means slightly less profit on the BAC but substantially more on the ATPG. Either way, I'm back to cash without having sold my stocks at a loss compared to the price I purchased them.
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