Citigroup Trade, the conclusion

Two weeks ago I bought C with a covered call strategy, which turned out almost as I expected. I added to the position on C's definitive close above the VWAP. In the next week C went as high as 3.80 intraday but did not close above its 50-day MA, which is usually my most closely watched breakout point. I held C until close before selling @ $2.58, and covered the calls with a $0.01 loss. 

This week I did no futures trades since I was on vacation with sweetheart. I will post my market outlook shortly after. 

I exited the position in full because of C's failure to hold above its 50DMA and the level of large player's participation is dangerously low. 

In hindsight I shorted the calls a little bit too early. I was too focused on time premium and disregarded the skyrocketing volatility, which pushed the calls to as high as $0.30. I could have gotten a lot more from it. 

P/L:

Stock: profit +$1.53/share (original position), +$0.48/share (added position)

Option: loss = -$1 per contract (shorted @ $0.08 covered @ $0.09)