INTC Ready to Close the Gap

BY LICIA LESLIE 

May 17, 2024

Hi Shoppers,

 

Intel (Ticker: INTC) looks ready to take the leap and close the gap created on April 26th:

Watch for a trade over $32.26 and then it will be on its way to $34.50.

 

I like calls expiring next week:

The 32 calls seem fairly priced.

 

Trade Review

 

Apple (TIcker: AAPL) still looking bullish to $200.

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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