I have a year plus position I am a little stomped on. I have run the numbers briefly and feel either action won't make a difference as far as profit or loss goes. I bought INTC like 2 years ago for 27.8 and sold some covered calls in May 2005 (Jan 2006, Strike 22.5 @ $4.10). Because of the earnings the calls expire on Friday and are now trading at like 0.30. Should I let the stock get called away, which it most likely will being it is at 22.75 on Friday or buy to close the options and take the profit on the options and keep the stock which will be a $5+ losing position again. It seems like either action will be the same or no significant difference, the only big thing with buying the calls back is I get too make my profit on the options and keep my stock. INTC isn't hot right now, so not even sure if it is worth keeping. If I let it get called away I ultimately get to sell the sold at 26.60 and don't have to worry about any decline of INTC stock as I will be out after a 2 yr+ holding period. Any suggestions?