Gut Check: Relieved!
- After stock prices for both ACHN and ATPG fell over the February options period, I was worried that I'd be stuck with both stocks and my Covered Calls might expire un-assigned -- yesterday, especially, with ACHN looking really bleak closing at less than 9.00! At such a low price, the March calls would not have had a really good premium attached to them (not bad per se -- but not 10%+ of my purchase price).
- The way things are going today, it looks like both positions will expire In-The-Money and get assigned. I'll lose a bit (about 16 cents) per share on ATPG, but I've held it a long time and wouldn't mind going back to cash.
- Going forward, I think I want to aim to more aggressively be assigned and return to cash. As well as use limit orders to set ROI% targets instead of personally watching the market for a good price. Will see how the market closes today!
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