Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.03

+2.3%

2:39 PM EST

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To: David Musser who wrote (40536)	11/17/1997 10:24:00 PM
From: Elmer	Read Replies (2) of 186894

David, I have been selling covered calls on my long position in my trading account for about the last year. I am very happy with the results. I aim for about $0.50 - $0.75 a share and I only sell the current month. There would be serious tax considerations if I should be assigned, so I don't push the limit. If the options go into the money then I simply buy them back and close them out. It has work very well to my advantage and I intend to continue with this strategy. I do the same thing with my ira with a target premium of ~$1.00 - $1.50. I use the income to buy more Intel shares. My share count is up ~15% this year. I was assigned once in my ira. Don't be afraid to look into this, in some ways, it's almost free money. EP

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