- Queued Buy To Close 5x DNDN at Strike 14.00 Limit 0.01.
Gut Check:
- Late last week I was worried that the DNDN earnings announcement might result in bad news and stock prices falling like a rock. Turns out it was just boring news that made DNDN drop. It started off slightly high at the start of the trading day, but has since plummetted to less than $12.00.
- This is one of the risks of making money with Covered Calls -- While you're waiting for expiration or assignment, your stock takes a dive. It's not a serious one here, but it's annoying enough because if the price doesn't pick up, I won't get assigned and might end up holding the stock.
- If I get to buy back my Covered Call at 0.01, my effective share price after having made some money with the earlier Covered Call would be 12.63 at basically 0% profit.
- I have almost 3 weeks to expiration if I can't buy it back. Enough time for the price to inch back up?
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