Friday, July 27, 2012

Intel puts expire as Intel goes up 4%

In this post early in the week, CCI discussed why we were prepared to add to Intel if the stock fell under $25. So the weekly $25 puts were sold as a potential entry point for this trade.

Intel (intc) was up about 4% in the last two days.  The put sale returned about 1%.

1% in 3 days never sucks, but wish we had just bought the stock.

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