bout I should have a twitter account as I was buying Intel during the conference call.
The plan here is to do a "married put," buy some put options about 6-months out for downside protection at a cost of aroudn 1.50 a share. This prevents getting called out, is better than a covered call since I am bullish on the price move over the short-term and locks me in to very little risk over the life of the trade. Also, as the market trends I will sell calls on up days and buy them back on low days offsetting the cost of the put and have a risk free trade. If I sell the equity I still have value in the put options and if INTC were to pullback significantly I would make money on the puts as well...
Looks like the base in the after hours is around 21.65, it took a quick drop to 21.39 but quickly recovered and is now consolidating here. The historical chart shows a good run-up after earnings followed by some quick pull-backs...
Happy trading...
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