C

Posted by Jack Haddad on December 31, 2007 at 9:09 am

Bought 4 blocks of C at 28.96, and wrote 400 Jan strike 27.50 at 2.12/contract for intrinsic value of .66/share times 40,000 shares.  The intention behind this strategic play is similar to the one I did on INTC earlier– To have my underlying shares taken away by Jan option expiration. 

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