When the market is up, even on big volume, covered calls do not always deliver big premiums. Covered calls premiums are one of the three main sources of investment income for retirees. Today, I found one call that I like.
Intel symbol INTC
Here is an interesting call on INTC today that if called away will deliver a nearly 10% return and if you get stuck with INTC you will be paid a very nice 2.9% dividend while you wait for the next leg up or the next call opportunity.
Note that I am using February 3, for the next dividend. This is approximate as INTC has not yet declared their next dividend. Moreover, I would expect them to increase the dividend from $.26 as they have held steady for four quarters.