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Technology Stocks : Intel Corporation (INTC)
INTC 39.92-1.6%10:36 AM EST

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To: Hightechhooper who wrote (124197)1/4/2001 5:25:50 PM
From: maui_dude  Read Replies (1) of 186894
 
Aloha HTH, Re : "If the stock does take off I will have to re-evaluate the rollout strategy in the short-term."

Be careful about waiting too close to the expiry date before rolling it over. There is a chance you might get called a little earlier than expiry date.

If you are really worried about being called away, have you considered writing calls further out of the money at a later date ? You may get less premium, but you can roll-in your money a little but, if the stock tanks and you need more cash. For example,
say July 50 ($2 premium). The price is not going to vary much until Intel reaches $45 or so. And if reaches $45 by Feb, you can buy it back for, maybe $3.5.

But like any investment, there is always a risk with any covered calls too!

Maui.
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