April Option Investing – DRN Covered Calls

As mentioned in my previous post – the April EDC income trade, yesterday mornings sell off offered a good buying opportunity for me.

While I did end up getting shares below $66, I was not so fortunate when it came to call options.

The B/A spread on DRN call options was fairly large when I entered my orders (the ask price was north of $5), and even though I placed my order within the spread, I ended up higher than the ask price when things settled down later in the day.

The good news is DRN clawed its way back above $66, and continued climbing this morning. My original call order ($66 May calls) went through at $4.5.

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About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

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