Re: Cashing in my options
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I would be really surprised if Intel stock matched market returns over the next 5-10 years.
How would I go about selling call options with the same strike prices and maturities as the ones I hold? Can this be done from a normal Scottrade brokerage account? Would this be smart if I believe that I'll be laid off in the future before the expiration dates?
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I don't know if Scottrade allows the selling/shorting of naked calls, you'll have to ask them. BTW, this strategy will not help you if you get laid off. The premise is that if the stock suddenly takes off, your brokerage account with the short calls takes a big hit. But your employee options go up by the same amount, covering your brokerage loss. If you get laid off, you lose your unvested options, and thus your protection against a rise in the stock.
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