- None, but still have an order queued: Sell to Open 5x DNDN Covered Call at Strike 14.00 Limit 1.40.
Gut Check:
- Could have sold the call at 1.30 early this morning right after I bought the stock at 13.95, but I was feeling conflicted. It had happened before: A short-term / 1 day price drop and I traded anyway, only to discover I was selling my Calls on the lowest trading day of that options period. There's still about 3 weeks left.
- I dug around and it looks like the outlook on DNDN is still bullish. Bid on the Strike 14.00 Call closed at 1.21. It has to climb 19 cents to reach my target.
- I'm tempted to reset to 1.30, which still gives me ~9% ROI. I'll hold on and see what happens tomorrow. As of 7:56 PM EST, DNDN had climbed from a close of 13.73 to 13.84. Might take off above 14.00.
- If I have to sell at 1.20, that's still ~8% ROI (and about $100 more into margin).
- Using limit orders necessarily involves speculation -- and maybe too much watching. I think next time around I might sacrifice a few % profit for less stress.
- In other news... My Questrade account was glitched and I mentioned that on Twitter, to which I got a response.
- Anyway, when I logged in early this morning (Feb-22), it looked like everything had been cleared up. Great.
- In the afternoon, around maybe noon, I got a call from Questrade apologizing for the glitch and asking me to look in on my account.
- I feel it's a bit late -- I could have used some notification, when over 99% of my money just disappears from my account -- but at least they did call to apologize and check in. Better late than never, as they say. Nowadays, it's not uncommon for companies to fall into the "never" category.
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