Market Curiosity: Exploring Markets And Systems

September 18, 2012

INTC – sell Sep 26 put for $50 (update 2, Sep 18)

Filed under: +Over +101%, Short Puts — Tags: — Jeff Fitzmyers @ 9:00 am

August 8, 2012
+ Looks like price is in a small back test of a breakout.
+ EMA’s heading up.

Update 1, Aug 31 2012: The put currently costs $130.

Look how the trend line has changed over time.

New trend line.

If price rises a day or 2 more, the lower trend line will change also.

Update September 18 2012: Going to roll over the puts. Buy back the Sep 26 put for $274, sell the Oct 26 put for $273.

50 – 274 + 273 = 49

Update April 7, 2014
I did not keep track of this position. But anyway, now that price is finally above the put strike prices, it’s profitable if one kept rolling over the puts, and or, sold calls on stock that was put to the account (while collecting up to 2 dividends of 0.225 USD/share).

INTC weekely april 7 2014

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