Gut Check:
- At the time I write this, DNDN's price has dropped to a lot less than $9, apparently due to good news for competitors.
- I'm trying not to feel regret at having bought back my Strike 10.00 call last month.
- At the time, the price was more than 10.00 and climbing, so without a crystal ball, the trend looked like it might go back to 11+. Even if it stayed just at 10.00, it would have expired in the money and I would have had to buy it back at a loss from commissions. By buying it back early and writing another call, I got to instead secure a slight profit.
- Now that it's fallen to less than 9.00, clearly I could have waited till expiration. But that's hindsight. If I keep regretting every move, I'll go crazy.
- The April-20 Strike 11.00 asking price is around 0.05 now. I'm wondering if I should go ahead with an earlier buy-back and sell a lower call -- and risk a sudden price jump and having to buy back another call. Hmm... If it drops a lot, my currently queued buyback at 0.01 might get filled anyway.
- Whatever happens, I'm stuck with a stock that is almost half the price I bought it for. Sure, I can make maybe 2%-5% a month depending on ongoing volatility, but the value might never recover to my original purchase price. Damn.
- Still waiting on my redemption of funds from the League REIT. I'm definitely switching to Cash-Secured Puts, and probably selling stock immediately if I end up getting assigned. Stock price risk is just too annoying.
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