I closed both of my positions in Intel on October 15 somewhat by accident, as I had only intended for them to sell if I could gain all of the remaining time value in the sale. Unfortunately, the order was entered incorrectly as a net debit instead of net credit. Luckily, I only lost out on a few dollars in the mix-up. I would be happy to re-enter a position in Intel in the future if it falls back under $20 as I believe the company is solid, and has consistently beat earnings estimates the last few quarters along with having a good yield. The final profit/loss info is below:
Position #1 - October CC
8/24/2009 -- Bought 100 INTC @ 18.92
8/24/2009 -- Sold To Open 1 INTC October $18 Call @ 1.50
10/15/2009 -- Bought Call/Sold Stock @ 17.93
Final Profit: 2.63%
Final Annualized Gain: 18.84%
Position #2 - November CC
10/1/2009 -- Bought 100 INTC @ 19.11
10/1/2009 -- Sold To Open 1 INTC November $18 Call @ 1.56
10/15/2009 -- Bought Call/Sold Stock @ 17.88
Final Profit: 1.88%
Final Annualized Gain: 52.79%
Wednesday, October 21, 2009
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