Intel Corp (INTC)

[techno_bull]

I am short covered calls (nov $24's) on 1/4 of my INTC position.

I am also short the Nov 24 calls on a 1/8 of my position. I will not buy them back and will keep the premium and let the shares go.

I've become more comfortable letting shares go since it allows me to be more aggressive shorting the puts in my next cycle. So I'll either get the shares back at say 23 or I'll get the premium from selling both the call and the put.

This strategy will remain successful until the share price starts to run away from us. I don't know about you but that's something I no longer fear will happen.