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Tuesday, February 7, 2012

Might not be assigned after all

Trades: None.

Gut Check:

  • Holy shit! ACHN just fell by a dollar and is now at less than my Covered Call strike price of 10.00. Looks like I might not be assigned after all. But if the bid price for a March Strike 10.00 Call is still over $1.00, I can just write another for over 10% ROI.
  • ATPG still low but Strike 7.00 Call also has a high premium. Luckily I didn't buy back my call. I'd have just chopped off 5% profit for nothing. Good thing I stuck to not speculating on price.
  • Cruising into options expiration in 1-1/2 weeks now...

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