Friday, November 5, 2010

Intel Options - Dec 10 - 1

Intel over $21!!!

Sold 1/5 position 12/18 $22 calls for $.29

If stock called away at $22 that is 10% gain on $20 cost basis stock plus over 1% cov call profit.

More likely - stock will retest 200dma around $20.70. If this occurs should be able to take profits on this position (maybe 1%) and consider selling puts at that time.

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