Trade – .NQAW – Intel Jan 2007 17.50 call

Oct 17th, 2006

I sold my Intel Jan 2007 calls today for 4.40/contract. The option was deep in the money and had appreciated considerably since I purchased it. I was looking to get back some of the capital that was tied up in the contracts but wanted to maintain a long position so I sold the Jan 07 deep in the money and purchased November 2006 20 calls instead.