'cept you don't own the stock there. Seems everyone either conveniently/ignorantly misses that. If it gets worse, someone puts it to you (Awesome), if it gets better - you get nothing (Awesome). That's what you gave up selling that big fat premium. You are at the price you wanted the stock and you can't f'n buy it because you may/may not have already. If you want to own a stock at a lower price, put a bid in under market and leave it there.