Friday, July 29, 2011

Intel - Closed Coverd Call Position

As discussed in the last Intel post, CCI cover the lot of Intel covered calls on the pull back today . 
Took the trade off  because I'm still bullish on Intel and think it will be trading higher whenever the debt ceiling noise goes away.  Did not want the lot of stock to get called away at what I think is too low of a level.

The trade turned a small (.3%) profit but more importantly had provided some protection for the position going to earnings a few weeks ago. 

No comments:

Post a Comment