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  • tlee22202 tlee22202 Nov 29, 2012 12:30 PM Flag

    Bought 100 shares at 19.67. Plan to sell a $20 DEC covered call for 35 cents

    What are you going to do if INTC closes above 20 at Dec exp? You may end up having to pay up to 4 separate commissions for this strategy.

    Consider doing the Dec 18/20 call spread for a debit of 1.43
    Your effective cost per share would be 19.43, which is 0.23 below the current pps of 19.66
    You can do this as a spread trade. If you decide to do this, then do at least few of them to make it more cost effective.

    Sentiment: Buy

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