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INTC

INTC 1D Ascending Triangle with supply/demand zonesSince the massive selloff from their last ER, NASDAQ:INTC has formed a strong zone of supply (seller dominance) in the 52.2-52.75 range. while maintaining the seller wall, the buyer demand has been steadily increasing, creating an ascending triangle pattern on the daily time frame. Looking for INTC to breakout +52.75 for bullish confirmation. watching a break below the support trend and first level of demand for bearish confirmation. 3rd touch off Rising support looks good for a bullish scalp.
NASDAQ:INTC
by ProdigyOptions
Options Idea: Buy The Jan. 21, 2022 INTC 40.0 Call @ $13.90Intel just gapped down after its last earnings release as margins tightened from almost 60% last year to 53.3%. Trouble lies ahead as well since Intel’s 7-nanometer manufacturing is delayed which will give AMD a 6 month head start to eat away at Intel’s market share. Intel has responded by initiating a huge $10 billion stock repurchase program. This is in addition to the Oct 2019 repurchase program already in place, bring total repurchases to around $20 billion. Even though Intel is in trouble, we think there’s an opportunity for a longer-term play. Observe the historic Price/Sales ratio for Intel in the weekly view. We are buying today at 2.75. We’ve marked entries over the last few years at the 2.75 PS level. Every entry would have been successful over a 1 year holding period. The 50 week average on the PS ratio for Intel is 3.32. Nevertheless, we like to reduce risk with options, so we are not going long in Intel. We are buying a deep in the money LEAP call on Intel today at $13.90, which gives us unlimited profit potential above $53.90 and limits our losses below $40. Since this is such a long term LEAP call, we have 16 months (or 72 weeks) to sell monthly or weekly calls against this position. So while our current breakeven point is $53.90, we intend to lower our cost basis through the sale of out of the money shorter term calls. This is strategy is called the poor man’s covered call. The important point is that with a $53.90 breakeven, the lowest priced call we can sell is $54. If we sell a lower priced call and INTC were to rise too quickly, the trade could lose money. Selling next month or next week 15 delta out of the money calls should produce more than enough income to compensate us for the loss of dividends on this position and reduce our breakeven to $51, which is where Intel was trading today when we opened our long position. Our objectives for short call income generation against this position are as follows: Initial Objective: $2.90 (Extrinsic Option Premium), reduces breakeven point to $51 Secondary Objective: $4.55 (5 Quarters Dividends on 100 shares) Stretch Objective: $13.90 (100% of capital recovered) If we complete our initial objective we’ll have recovered our extrinsic option premium, giving us the benefit of going long in INTC at no additional cost. If we complete the secondary objective we’ll have not only recovered the option premium, but also generated 5 quarters of INTC’s $0.33 dividend, making our position equal to a long position in INTC, but at 20% of the capital outlay. And our final stretch objective is to recover $13.90 over the life of this call, recovering our capital early. Standard Exit : We exit the trade for a profit when the PS ratio on INTC approaches 4. Early Exit : We exit the trade for a profit as soon as INTC has recovered the 50-week moving average. 20-INTC-03 Opening Date: Sep 1, 2020 Expiration Date: January 21, 2022 DTE: 507 IV: 35.81% IV Percentile: 69% Odds of Winning: 32.60% (before selling short calls) Odds of Losing: 67.40% (before selling short calls) Win: > 53.90 @ Expiration (before selling short calls) Loss: < 53.90 @ Expiration (before selling short calls) Reg-T Margin: $0 (long position, uses $1390 cash) Chart Legend Green Area: 100% Win Zone. If we finish above or in the green area, we’ve made a profit on our call. This is a long call, so our potential gain is unlimited. Red Area: If we finish in this area we have a loss. The size of the red area is the size of our maximum loss. Since we’ve bought a call instead of gone long, we have no additional losses below $40. 1 standard deviation, 2 standard deviation, 3 standard deviation projections from Opening Date to Expiration Date are included. Follow us here on TradingView to get updates as we adjust this trade with the short calls we will be selling against this position.
NASDAQ:INTCLong
by OptionsCoach
10
INTC: Possible Long scenario for October This is a quick analysis for INTC for the coming period (October) - and a possible scenario that may pan out in favorable conditions The reason i'm looking at INTC is because i entered long right before the last earnings. The market had a very negative reaction to INTC's earnings announcement regarding product delay - and the stock lost almost 17% next day - so we're now left with a losing position how to repair if you trust the stock for the long term (i do for INTC), then an easy strategy to repair the position is to average down the cost then sell Out of the Money Covered Call against the shares -and basically try to break even or even capture some small profit. so i did add to the position and you can see my final avg cost price on the chart - before i sell the CC (was looking at the $56 strike for Nov), i thought to make another round of analysis of possible price projection for next few weeks. the chart looks bullish - after the earnings drop, INTC went thru 2 phases 1 - against a bearish sentiment, INTC held a price range and the sell-off started to reverse (interesting!) 2 - starting around Aug 11, a "buy pressure" started to build up with a positive reaction from the stock (price moving up to the "next range") - also both momentum and sentiment reversed to positive this view shows a possibility of an incoming breakout - which would be confirmed if INTC can break the $53 level, then re-test then moves up - my next projection would be to the $57 level The weekly chart seems to support this scenario - and if that's the case, selling the covered call would be a mistake, at least not now with a move up expected - and we should just hold the long for now and re-evaluate in couple of weeks, given how volatile the market is these days. this is just a quick view of one possible scenario - your view may differ from mine and that's totally fine, and the actual scenario that pans out may be totally different too - so let's kep an eye on this :) good luck! ----------------------- How do i read this chart setup we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure - the calculated short-term price momentum is shown by the UTO blue/amber line - the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context" How do i trade this chart setup - the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
NASDAQ:INTCLong
by RedKTrader
2
INTC Intel could break out to 200sma any momentIntel has been doing slightly higher lows and was making a higher high just to pullback deep again and consolidate there while finding support on the 4/1 gannfan line ($48.94) -Very soon intel should retest the near 200 sma line levels at around $54.53 levels which would be the middle line of the trend channel of gannfan but it could also consolidate around 2/1 and 3/1 gannfan lines for a while until it does this. The pullback overall found support at 0.236 levels so the next move will unlikely go above $54.53 levels which is 1.272fib level right away. For intel to turn into an uptrend it has to pullback after going to those fib levels first and then break 200sma retest it and continue its uptrend from there and that will take a while
NASDAQ:INTC
by UnknownUnicorn7005306