February Trades

Trades:

• ACHN and ATPG Covered Calls auto-assigned over the weekend. Back to cash.
• Queued an order to Buy 500 shares of DNDN at 13.95, good till Friday Feb-24.
• If the order is filled, I will be in margin over 700 and will need the Covered Call to bring that down nicely to about $70, whereupon I will top it up with cash.
• If I can get the order filled, I'll queue a Sell to Open a Covered Call at Strike 14.00 and limit price 1.40.
• Estimated ROI 9.81% (expires worthless) to 9.92% (assigned) when compared to purchase price (rather than capital committed).

Gut Check:

• Feeling very relieved after the problem with my Questrade account looks finally cleared up when I logged on this morning.
• Missed a Covered Call opportunity with CEDC that was about ROI 10%. Trying for DNDN. More volatile, pricier stock. Closed moving up yesterday at 13.99. Pre-market has it up a few cents. I'm going to try to get it at a little less, then queue a Covered Call. Otherwise, I'll look at it again Friday to see if the stock has rocketed up too far. Fingers crossed!