Replies to post #124656 on Intel Corp (INTC)

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techno_bull,

Next catalyst is Nov. 21 analyst day.

[Sarmad]

techno, I am short covered calls (nov $24's) on 1/4 of my INTC position. And an equal amount in Jan $25's.

I was pleasantly surprised that the nov $24's were not called yesterday (for the dividend). If somehow I manage to retain these shares past next week, I intend to sell Feb strike $25 calls for around 65c. Plus there will be another div. So that's approx 8% if called, or 4% in 3 months if not called.

Next week I will have to decide whether to take a chance on the expiry, or pay to buy back the nov $24's and roll them forward.