March Trades

Trades:

• Buy-to-Close Covered Call 5x DNDN, Strike 10.00, Limit 0.90 -- Order filled.
• ROI -2.07%

Gut Check:

• DNDN kept rising and I was worried it would go up too high to buy back and I would either take a big hit to buy my call back, or get prematurely assigned. Either way, at over 10.00, it was up for automatic assignment anyway.
• Naturally, as soon as I did a "stop loss" buyback, the price fell to close at 10.11. Tuesday's range was 10.10-10.66.
• Might have to settle for a very low Strike 14.00 call. For now, I have queued an unreasonable Strike 14.00 at limit 0.50. Will watch the price this week to see if I want to accept a very small Strike 14.00.
• I could also risk a Strike 11.00 but I'm worried about the price shooting up again. If I were to do that, I might try it next week. Will see how the price moves.
• Overall, feeling really ansy. The Strike 10.00 was a fair call when the price had dropped to a lot less than 10. why is it that as soon as my order is fulfilled, the market goes the other way? :-(