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Thursday, April 19, 2012

Coming up to Options Expiration

Trades:
  • (yesterday) Cancelled Buy-To-Close DNDN Strike 11.00 @ 0.01
Gut Check:
  • The price of DNDN is firmly below 11.00 (closed at 8.98 on April 18th), so I've taken a chance and cancelled my Buy-To-Close order, and will instead just let the Covered Call expire normally.
  • I think I won't sell any options until DNDN's May 7th conference call to go over first quarter results.
  • Once the option expires, I'll queue a Sell order to close my DNDN position with a limit price of maybe 15.00.

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