$Intel (INTC.US)$The stock remains strong. However, as the b...

$Intel (INTC.US)$The stock remains strong. However, as the broader market has been plunging consecutively, I reduced my position by 30% at 48.88 to guard against a potential pullback in Intel over the next few days. After reducing the position, my cost basis surprisingly turned into -8.78 yuan. This means that even if the stock price of the remaining position drops to zero, I would still make a profit of 8.78 yuan per share. The reason for achieving this is very simple: consistently writing covered calls every week!