- Queued Buy to Close 2 BAC Covered Call at Limit Price 0.01, Good Till Cancelled
- If filled, my profit on BAC drops from 5.89% to 4.92% but I hold my shares
Gut Check:
ARGH! BAC is up over $1.20 since I bought it. Hindsight is 20-20, but I still can't shake feeling disappointed that I could now be making over $1 per share on just writing a Call Option on it! But instead I'll have to wait until my month-long call expires.
I'll put in a limit order to automatically buy back my Covered Call at 1 cent. I bought BAC at 5.07, which is a good price to hold onto it.
ATPG was up and down, over 7.50. Now it's back down to slightly less than what I bought it for. This volatility does mean options will carry a good price. Hopefully this will hold into February. Right now, the Strike 7.00 Calls for the February 18th expiration are over 90 cents!
I'll probably not get assigned again, but with the volatility as it right now, it looks like it's at least good for writing more Covered Calls.
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