After closely watching today’s market action, I have decided to add to my Intel position!
Yes, Guilty as Charged: I am bullish on Intel.
Tomorrow, September 13, 2023, when the markets open, I will purchase 20 call contracts of Intel’s September 22nd, $40 options.
Yes, aggressive. But then…I feel frisky…
Option closed today with its Bid / Ask: $0.54 / $0.56
Depending how the underline Intel stock opens tomorrow, I am looking at a purchase price of around $0.60…hopefully less…
The markets are acting dicey… inflation data on deck tomorrow an hour before the markets open…whatever the number, data will have some impact short-term…however, in my opinion, the markets should move up from here till end of the year. As confident as I am of the markets upward climb, I am more confident of my bets on INTC and TTI
🙂
Will update the blog in the next day or so…have a busy travel day tomorrow…wife and I are leaving sunny San Diego to see friends in Michigan and Toronto…will do my best to post the update on this trade at the earliest convenience…
Just one tiny caveat: Should the morning inflation data be especially bad and the markets take a big tumble and INTC follows the lead and tumbles in sympathy, I may have to delay the purchase by a day or so, which, in turn may allow me to get a better purchase price. However, I am absolutely committed to this trade. 🙂
O2W (karim)
DISCLAIMER: I am not a licensed broker or securities dealer. All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is not for the faint of heart as one’s portfolio can move up, or down 10%-50% or more during a single trading day, so trade with extreme caution. Past performance is no guarantee of future results.
Full Disclosure: I own options in my portfolio companies.