SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 39.96-1.5%10:28 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hightechhooper who wrote (124180)1/4/2001 2:06:27 PM
From: Road Walker  Read Replies (1) of 186894
 
Hightechhooper,

A small bit of advice. The odds are Intel will go up and down before expiration. I will usually pick a price at which I feel there is acceptable profit, and enter a good 'till cancel order to buy the calls to close the position at that price. Maybe 3/8 or 1/2, whatever you feel comfortable with.

This avoids the situation where Intel goes down, but then pops back up at expiration, and you lose your shares. And if you buy back the covered calls, it also gives you the opportunity to sell more calls if Intel rallies, or at a lower strike.

I usually don't recommend selling covered calls unless you are ready and willing to sell the shares. I guess your situation is different.

Good luck,

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News