Digital Power Corp (DPW)

[PennyStockTrader2]

with expiration of the DPW March calls today, while this turned into a pretty profitable month, I raked in decent premiums most of which went out worthless, NEXT month is going to be harder. I already have 58 options ($4 and $5 calls) written, but getting more written with decent premium could be tough unless we get a nice spike in price, which we certainly could get. The question is always do you wait for a possible spike or do you write some continually so at least you have some profit in case the price collapses taking away your chance for any decent premium. I would say do both, especially since I have so much underlying stock that can be covered. If prices drop, then I would potentially write some $3 calls for some premium. Problem also is that for some reason they dont have a $3.5 call like they do for May, and with the stock hovering at that price, it is the best "bang" for the buck as they say. Another option is to actually write some May options, like the 4.5 call goes for .85 and I may just decide to do that come monday, just means you have to wait longer for your profit, so you have to be flexible with this.

Regardless of what happens, money will be made, its just hard to say how much money, but I would love to write another $3 to $4 grand worth of options for April, lets see what price gives me the chance to do.