INTC trade ideas
The power of patience I bought intel on a reversal trade at 47.05 in late November. The trade started of well with a big surge in early December only to give up all the gains by December 21. I stuck with the trade though because the broader reversal play back into the range was still intact- price held above the lows of 43. By the beginning of January the gains returned and on the news this morning the stock has now broken out the top end of the range near 60. As long as the stock can hold 55 now that its up here there should be clear skies ahead.
INTC -- iron condor over againI like doing iron condors on Intel all the time and consistently just keep rolling them out. Never a huge risk play with Intel in my opinion with smaller spreads but always adds a little daily theta to my portfolio.
I don't do a lot, really none at all, Elliot wave counts with Intel. Recently, I just draw supply and demand zones and trade the range.
My play: will look to enter an iron condor tomorrow, looking to sell the $57.50 strike call to upside (buy 60) and sell the 47.5 strike put to downside (buy the 45). Simply approach play and not throwing a lot at it. Something to balance out portfolio a bit and grab some daily theta. Earnings are approaching, however, but will still look to enter this play.