INTC trade, bull put credit spread


Jun 1, 2010

 


----------------------------

#1385 Jun 1, 2010

normally i only trade bps on spy to avoid single stock shock.

but after looking at intc from a number of possible trade scenarios,

i found a bps today that looked pretty interesting, so i am in:



tue jun 1, intc @$21.36, jun+19/-20p $.12/.88, 13.6%rom, 19dte,

short strike 6%otm



if it moves against me, i would just buy it back, target a loss of about 2x the credit.



if it moves in my direction i will just let it expire or buy back if it gets near a low enough value.



i monitor my bps daily to see how they go.



v82nr


S
e
n
i
o
r
T
u
b
e
.
o
r
g