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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (4439)8/18/2006 11:38:46 AM
From: Bridge Player  Read Replies (1) | Respond to of 5205
 
Placed the following trades today 8/18.

Bought INTC at 18.37, sold INTC Oct. 17.50 calls for 1.50.

Net cost 16.87, 66-day yield-if-called until Monday 10/23 after exp is 3.73%, approx annualized yield excluding commissions (3.73 x 350/66) is 19.8%

If not called I don't mind owning INTC at a cost of 16.87, at 3-year lows and down from over 30, with the expectation of writing additional calls.