GE, What would you have done (did do)?

[hendi_alex]

I love GE as a relatively safe covered call play. Am holding 1000 shares all covering calls. Current shares were bought at an average price of $22.69. Calls are dated Jan and Mar. The $22's, $23's, and 24's are all in the money, but will probably not get exercised before at least another dividend. The shares kick out $190 per quarter and the calls brought in $1200, juicing the cash flow considerably. Am counting on two or three more dividends hitting the pot before shares get called. I'll likely buy another few hundred shares of GE on any meaningful price retreat, and will immediately sell slightly out of the money longer dated calls.

INTC is another favorite covered call play, with much more lucrative call prices.