Monday, March 7, 2011

Closed Intel Covered Call Position

Intel dropped this morning in a down market. I guess mostly because of some analyst blabber about the semi industry, but no real Intel specific news.

On the drop, I brought back the May $23 calls sold on 2/18. This covered call trade yielded about a 1 % gain in 2 weeks for this lot. This was Scenario 3 from the post describing the trade.

Hopefully there will be a chance to reestablish this covered call position on an Intel rebound.

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