February Trades

Trades:

• Sell to Open 5x DNDN Covered Call at Strike 14.00 Limit 1.40 -- order filled.
• After recalculating the funds left in my account after Questrade finally cleaned up the options assignment issue and after factoring in final commissions, ROI looks like 10.86%.

Gut Check:

• Price of DNDN shot up -- as expected. Yesterday was just a low day. Pre-market saw it as high as 14.22 or thereabouts. It's still above 14.00 and the Covered Calls are at over 1.60.
• Was tempted to reset my limit price higher, but that would be speculating too much. I might have missed my target again, lost time (which also means losing a bit of option price), and stressed out.
• Feeling relieved.
• In part because I'm now locked into my positions until options expiration. Can't look back now, but the ROI I got isn't shabby, especially compared with the amount of time spent, and the other returns I can get from other investments.
• I hit my target of 1.40 and my ROI of close to 10%. I shouldn't be too greedy. Just yesterday I was worried I might have reset it as low as 1.20! Got to get a handle on the butterflies in my stomach.
• Final ROI figure will depend on how much my 120 CAD converts to USD. Right now the exchange rate is 1.000 with Questrade, but the money hasn't reached them yet as I telephone-banked it only yesterday morning.