Closed TNA covered call at 50% profitPosted: January 5, 2012
Covered that TNA jan 50 call at .95 this morning for about $100 profit. Was tempting to cover yesterday at the gap fill dip. Glad I waited it out.
Here is a chart of the option rapidly declining. I could have waited it out but I don’t want to wait 15 days for remaining $100 at expiration when I cleared $100 in 3 days.
Now waiting for movement or if flat I look to february to sell another call