Put Options on INTC on 9/25/2023

Intel Corporation (INTC) designs, develops, manufactures, markets, and sells computing and related products worldwide. 

It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments.

The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.

It also provides high-performance computer solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. 

Shares have formed a bearish "flag" after it called off its proposed take over of Tower Semi. (TSEM). Instead TSEM decided in Intel's New Mexico facility. Furthermore Intel's balance sheet is deteriorating. Look the charts shown. We expect lower share prices for INTC.

Last Trade: $34.18

Trading Range: $24.59 to $40.06

We will be trading October 20th $34 Put options

Trade Buy 1 October $34.00 Put at $1.05 For a net debit of $1.05 Profit/Loss Analysis Breakeven at $32.95 Maximum profit is unbounded Maximum loss is ($105.00) at strike of $34.00 Closing Summary Sold 1 October $34.00 Put at $0.45

Position closed on 10/21/2023 at price of $0.45 with a -57.14% loss in 26 days.

Back to Portfolio