- Changed order to Sell to Open, 5x DNDN, Strike 11.00, Limit 0.45
Gut Check:
- Looking back, I probably should have risked early assignment and instead let my initial Strike 10.00 Covered Call ride till closer to expiration when I could buy it back at a reduced rate. Although the way the stock was climbing, it looked like it was headed for 11.00 or more and not going back down.
- Trying it again, Strike 11.00. DNDN is still over 10.00, but looks like it is inching down. If it spikes up again like it did this morning, this order might actually get filled.
- If I do get this filled, I'll try not to panic if it goes over 11.00, but instead wait much closer to expiration before buying it back.
- Still feeling annoyed by the "day trading" level of watching I am doing.
- Hopefully this will help me recover my losses from jumping the gun yesterday and maybe even make a tiny bit of money.
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