Thursday, July 1, 2010

Closed INTC calls

Bought-to-close my July INTC calls for $0.15 each. I wrote these calls for $0.97 each. I made 84% of the potential profit [ 1.00 - (0.15/0.97) = 0.845 ]. With 16 days until expiration, who knows what could happen? I closed early to bank the profit.