Intel (INTC) traded back around $23.30 today. I read a few things that attempted to tie the fall in price to some analyst concerns about the impact of flooding in Thailand on Intel. Flooding may or may not be a short term impact, may or may not be a longer term impact, but CCI took it as an "opportunity" to close the previously established Dec $25 covered calls at $.16 including transaction costs. Profits on these calls will boost returns on one lot of Intel by a modest 1%.
Still bullish on Intel. Will look to re-establish a covered call position if the stock moves back up to provide a smidgen of protection for the position.