- None.
Gut Reaction:
- ATPG dropped about 70 cents to close at 7.18 on January 26th. If I buy back my Covered Call now (bought at 0.81, last traded at 0.61), I'll make 2% and keep my stock. There's talk about a lawsuit. That might sink the stock even further and I'll be stuck with it. Which may or may not be bad, depending on whether the stock still trades and I can still write a decent option on it. The option is still in-the-money, so I'm still on track to be exercised, as hoped.
- It's a speculative move to buy it back now and put a limit order in to sell at a higher price. I'm feeling conflicted. My no-speculation trade strategy says I should stay put. I do still have a buy-to-close limit order at 0.39 in case the price really plummets.
No comments:
Post a Comment