Covered Calls for Fun & Income

March 2, 2009

Update 2 – NVDA

NVDA gaped down at the open today, temporarily dashing my hopes of closing this early. It has gaped down at the open before, so I waited patiently for it to come back to my limit order of 7.21. It did that at 10:08 this morning. My net gain, including commissions, is 8.78%. I held this for 5 market days so I am pleased.

Remember – don’t be afraid to close early. As a matter of fact, this week could be filled with dark and gloomy news (especially Friday with the payroll and unemployment reports) and could drag the market down even more.

Be careful out there   –   Jeff

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