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Tuesday, March 27, 2012

March Trades

Trades:

  • Changed Buy-To-Close order of 5x DNDN from Limit 0.12 to 0.40.

Gut Check:

  • DNDN continues to climb, though there's some up and down. I might have to confirm a small loss on my buyback of my Covered Call. At least the Strike 14 Calls are now worth a little bit of something.
  • Might still be too early to say since there's about 3 weeks left. But I'm starting to think I should pull the plug and accept a small loss now than risk seeing the price keep climbing. Sold my Covered Call at Strike 10.00 for 0.67. Might have to buy it back at 1.00 if DNDN keeps rising. The price could even go to 11.00!
  • Something I could do is pull the plug now and wait to see where it goes in a week. If I bought it back now at 1.00, I'm at a net -2.79% loss but I could sell something else to mitigate it a bit.
  • Or, I could wait till expiry and if the price isn't significantly over 10.60, I could buy it back at around 0% loss... Feeling indecisive! Urgh.

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