Sold 1 Call Option on INTC – 0.31% potential income return in 7 days

On November 12, 2021, I sold 1 call option on INTC stock with a strike price of $52 and expiry next Friday. I don't have actually 100 shares to deliver if challenged. (I have just some 20)

In case of danger, I will roll up and forward this call option.

This trade comes as the #26 in the month of November, and according to my trading plan for this month, the premium generated from this trade makes me about 2.21% of my $750 monthly goal.  While in total I have reached already 55.89% so far. Awesome!

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.

here is the trade setup:

  • SLD 1 INTC NOV 19 '21 52 Call Option 0.19 USD

What happens next?

On the expiry date, November 19, 2021, INTC is trading under $52 per share -  options expire worthlessly and I keep premium - if INTC trades above $52 I'm troubled as I need to deliver shares I don’t have (I have just 20), to avoid such scenario I will try to roll up the strike price

Break-even price: $52+$0.16= $52.16