Sold 1 Call Option on INTC – 0.2% potential income return in 2 days

On October 20, 2021, I sold 1 call option on INTC stock with a strike price of $59 and expiry this Friday. I don't have actually 100 shares to deliver if challenged (I have some 15). In case of danger, I will roll up and forward this call option.

Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers.

This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.

This trade comes as the #23 in the month of October, according to my trading plan for this month, the premium generated from this trade makes me about 2.1% of my $600 monthly goal.  While in total I have reached already 65.7% so far. Awesome!

here is the trade setup:

  • SLD 1 INTC OCT 22 '21 59 Call Option 0.15 USD

What happens next?

On the expiry date, October 22, 2021, INTC is trading under $59 per share -  options expire worthlessly and I keep premium - if INTC trades above $59 I'm troubled as I need to deliver shares I don’t have, to avoid such scenario I will roll up strike prices

Break-even price: $59+$0.12= $59.12