Best Stock on the Market

Put Options on INTC on 7/27/2020

Intel Corporation (INTC) provides computing, networking, data storage, and communication solutions worldwide.

Possible Support on $ INTCIt operates through Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, Client Computing Group, and All Other segments.

The company offers platform products, such as CPU and chipset, system-on-chip, and multichip package products for cloud, enterprise, and communication infrastructure markets.

It also provides NAND flash memory and DC persistent products for enterprise and cloud-based data centers, and users of business and consumer desktops and laptops; programmable semiconductors, such as field-programmable gate arrays, application-specific integrated circuits, and related products for communications, data center, industrial, and military markets; and various processors for notebooks, mobiles, and desktop PCs.

In addition, it offers boards and systems, such as server boards and small form factor systems; and connectivity products for cellular modems, Ethernet controllers, silicon photonics, Wi-Fi, and Bluetooth.

Further, the company develops computer vision and machine learning- based sensing, data analysis, localization, mapping, and driving policy technologies for advanced driver assistance systems and autonomous driving.

It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers. 

In its earnings report last week, Intel announced that there would be a delay in the production of its 7-nanometer processors by approximately six months. This delay that was originally scheduled to launch in 2021, will now move the debut to 2022, which sent shares to spiral. Intel also announced that it will no longer be manufacturing its own chips, which contributed to the downward pressure.

We will be trading a Put Option on August 14th

Last Trade: $50.59

Trading Range: $43.63 to $69.29

 

 

Trade

  • Buy 1 August $51.00 Put at $2.10
  • For a net debit of $2.10

Profit/Loss Analysis

  • Breakeven at $48.90
  • Maximum profit is unbounded
  • Maximum loss is ($210.00) at strike of $51.00

Closing Summary

  • Sold 1 August $51.00 Put at $2.25

Position closed on 8/13/2020 at price of $2.25 with a 7.14% gain in 17 days.

Updates

8/13/2020 11:52:33 AM

INTC put option closed.

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