March Trades

Trades:

• Cancelled order to Sell to Open Covered Call at Strike 11.
• Queued order to Sell to Open 5 contracts DNDN Covered Call at Strike 10, Limit Price 0.67.
• If filled, queue Buy to Close at Limit Price 0.01 to make sure I'm not assigned.
• I'll also have to keep a close eye on the price. If it goes over 10, I'll buy it back for a hopefully tiny net loss and sell a Strike 11 Covered Call instead.
• UPDATE: Order filled at 0.67. ROI estimated to be 4.29% after Buy-To-Close at 0.01. If I get  assigned, I'd be at -24.21% (!) compared to the original purchase price at 13.95 per share plus commissions.

Gut Check:

• Lots of stress today! Oh boy! First, I couldn't log onto to QuesTrade. For some reason, my user name and password didn't work anymore. This issue cleared up shortly after, very close to 6:30 am. Yoicks!
• Then, after I queued my sell order, I wanted to tweak it down to 0.66. Couldn't do it. The interface showed me I could, but the trading platform didn't update. WTF? In any case, I'm going to leave it for this morning. Who knows? The price of DNDN might slip back up a bit, enough to fill the order.]
• Still feeling very on edge with DNDN. I'm locked in unless I want to sell at a horrific loss and start all over again. I can theoretically continue to make money off it with Covered Calls, but at this point I feel worried and trapped even though I have a game plan. Got to stop feeling so panicky!