I don't know if I know how to play INTC when it's going up anymore.
We have lots of INTC already in our PSW Member Portfolios but now that they are done feeling sorry for themselves, as a new trade:
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- Sell 10 INTC 2027 $22 puts for $3.85 ($3,850)
- Buy 25 INTC 2027 $20 calls for $8.10 ($20,250)
- Sell 20 INTC 2027 $32 calls for $4.40 ($8,800)
- Sell 7 INTC April $25 calls for $2.10 ($1,470)
That's net $6,130 on the $30,000 spread that's $10,825 in the money to start so there's $23,870 (389%) of upside potential PLUS you have 7 quarters to sell $1,470 ($10,290) for another 167% potential and you can add to that with put sales - if it ever takes a dip.
If they are just going to let you print money - do it!