dime

INTC Covered Straddle for earnings

NASDAQ:INTC   INTEL CORP
I acquired 2 lots of INTC             from selling the 35 & 36 covered calls back in June (the calls expired).
With call premium this was a 34.66 cost basis on 2 lots of INTC            

On Jul 27 for playing earnings , I sold the 35 straddle for 166 credit, for breakevens at 33.34 & 36.66

1 lot of stock was called away at 35 yesterday right at the breakeven. (Costs another $15 for the assignment fee which sucks. )
The stock then sold off 1/2% in premarket the next morning. Had I gone with a say a 34/36 this assignment may not have happened.
However, a good thing is this reduces the positive deltas my portfolio holds too much of.

I still hold another lot of stock which has a decent gain at this point and I can either hold or sell another covered call against it to bring in more credit.
The put I expect to expire worthless but I'll close the put early if the value falls to less than 5c (no fee).
Komen: Sold Sep 37 call for 50c against the remaining second lot of stock, for a stock gain of 6.8% on cost basis.
Komen: On pullback in INTC, closed Sep 37 call for 5c no fee.
Then a few days later, I sold the
20 OCT 17 36/33 strangle @.80

If the stock is called away at $36 this would also also bring in a 2.8% return on the stock. At 59 DTE this would be about 17% annualized which is not too shabby.
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar