Yo, Pit Crazies,
The chart you see below is a tale of woe.
A once-great behemoth has been laid low.
I want to add it to my OP Mentoring Div+ strategy … but I am on the fence.
Will this trade idea help?
INTC is no longer inside
Nvidia Inc.(Ticker: NVDA) and Advanced Micro Devices Inc. (Ticker: AMD) are inside the computer.
At least that is what my tech-savvy sons say.
As for Intel Corporation (Ticker: INTC(, they just laugh at the “boomerness” of “Intel Inside.”
The trade that I have used that is working well enough is broken wing put butterflies just out-of-the-money for modest debits or credits.
Every time it gets to the short strike, I close and do it again.
It’s a fine generator, and for now that is all that is there that I can see.
I would like to add it to the OP Mentoring Div+ strategy, but I need to see INTC stop going down first.
Elsewhere, as a lookahead for tonight’s live event …
The juice in steel stocks looks cheap going into the railroad strike.
The Rundown
OP Mentoring
I closed my INTC Sep16 32/30.5/28 put butterfly closed for a 35% gain. Will likely reload today. The Oct or Nov cycle to catch the dividend looks interesting.
To Your Trading Success,
AG