As Intel returned to $20, Sold the $20 1120 puts for $.50 cents to achieve the "realistic case" as planned.
The return on this transaction was 1.65% in about 2 weeks or over 40% annualized.
Based on Intel price action the next step is to either replace the short-put position for $20 or $19 to utilize the last 1/5 position of the risk capital assigned to the position and/or to consider some covered call positions,
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