My last post was about rolling the option on one of my deep in the money calls up in strike price and out in exercise date. Well that is not working so well!
Over the last 2 days EEE has fallen from $10.48 a share to a current $8.61. I had a Feb $7.50 call which I sold and bought a Mar $10 call. Right now I would be much happier if I had held onto the Feb deep in the money call.
The lesson learned here is to not get greedy. I had a good profitable position with very little risk, and I traded it for a more profitable (possibly!) with much greater risk. Each time I have messed with a position before expiration of the option, it has cost me.