April Trades

Trades:

• Queued Sell to Open 5x DNDN Covered Call, Strike 11.00, Limit 0.17, expiry April 27 (weekly)
• Filled at 0.25
• April-24: CORRECTION -- Filled at 0.17
• Queued Buy to Close 5x DNDN Covered Call, Strike 11.00, Limit 0.05,expiry April 27 (weekly)

Gut Check:

• There's a conference call to go over first quarter results in early May, so I didn't want to lock myself into a full month-long options contract.
• The price of DNDN appeared to be firmly below 11.00, but by mid-day it was peeking over 11.00. Drat. Price of the Strike 11.00 is now over 40 cents.
• I'll probably have to buy this one back unless the price goes back down.
• The main worry now is if it keeps going up, past 11.25, in which case I'll have to post a loss.
• The Strike 12.00 price remained quite steady through all this, and low enough to not be worth selling a Covered Call on it.
• Have to wait and see now. I might put in a Buy-To-Close at Limit 0.05.
• Why is it whenever I sell a Covered Call, the price goes up almost immediately afterwards? :-(
• April-24: I could have sworn I saw the order filled at 0.25... But when I checked the trading platform this morning, it showed the Sell-to-Open was filled at 0.17? Well, nothing I can do about that now since I didn't collect evidence to the contrary.