Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Joey Smith who wrote (56040)	5/24/1998 11:34:00 PM
From: Erwin	Read Replies (2) of 186894

Covered calls are a good way to pick-up a buck and lower your investment amount that is tied up in the stock. Additionally, the amount you get for your call is not reported to the IRS on a 1099. If you want to sell 90 calls and your basis is below 90 and you are happy to give up the stock at 90 plus the call premium - cool beans. If the market is at or below 90 you will probably not be called and you get to keep the stock. Just make sure your head is set to give the stock up if you are called. Current prices for 90 calls are about: July 7/16 Oct. 2 1/8 Jan 3 3/4 Good prices - Good luck, Erwin

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