Friday, February 3, 2012
Intel Covered Call Exercised
The Feb $25 covered calls in the portfolio were exercised early today as someone was able to skim off off a small arbitrage profit between the option price and the x-div amount. Not entirely they way we wanted to this lot to be closed, (at an effective price of $26.25). However, a big profit on this lot, and Intel may be getting a little ahead of itself. If there is a pull back, we might consider selling a lot of puts to re-establish this lot.