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Re: This Causes an Error post# 125286

Saturday, 11/23/2013 9:17:40 PM

Saturday, November 23, 2013 9:17:40 PM

Post# of 151699
Frustrations, I can understand it from investment point of view. But from technology perspective, Intel is not relenting.
As Elmer has stated in the past, Intel stock is best suited for writing covered calls and covered puts. One can make easily 3-4% per month. I have been doing it for years.
You are holding for 2 years and you have said it yourself that there are a few of us who are holding for ever.
When the stock broke $25.00, it was running away from various brokers house. They had not expected to run away so quickly. and What are they suppose to do? Recommend sell and that is why what you are seeing. Over reaction in my opinion.
I wrote(sold) Dec. 24 puts for $0.36 and $0.48. I know you can get $0.52 now. That gives you 1.5% and 2%. If I get assigned, I am ready to buy stock around $23.52/$23.64.
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