Digital Power Corp (DPW)

[PennyStockTrader2]

no my entire position is covered with the underlying stock. the decision I;ll need to make is whether to roll over the 5.00 calls to February, it will full depend on the price on Friday and the premium for the 5 and 7.50s. Same with the 7.50s, but if it really rallies further I will just sell the stock that is covered by the 7.50s and buy back the 7.50s for whatever price they are getting (probably wont be much with one day left but will have made out great with the underlying)

Thats the beauty of this approach, win nomatter what. But, I would love to have seen this happen after having all options go out worthless and having re-written for February. Just gotta roll with whatever happens, nobody can predict this. Having the covered calls is the safest approach by far, just wish I could have written the puts (cant in 401K account), but I will in the future in my tax account with enough margin.