It’s been a while since we added to the Butterfly Portfolio and I’m liking CSCO down here at $46.25 as that’s 13x earnings and they JUST guided 5-7% growth through 2027 (Is Cisco Stock A Buy With Revenue Growth Guidance Of 4% To 6%?) and that’s not great but just what we want in the Butterfly Portfolio as we have a nice floor at $40 and it’s not likely they are going to take off on us either BUT, they are nice and volatile between $45 and $55 – so good opportunities for short-term premium sales.

So, for the Butterfly Portfolio, let’s:

- Sell 10 CSCO 2026 $45 puts for $4 ($4,000)
- Buy 20 CSCO 2026 $40 calls for $9.50 ($19,000)
- Sell 15 CSCO 2026 $50 calls for $4 ($6,000)
- Sell 5 CSCO Sept $47.50 calls for $1.50 ($750)
- Sell 5 CSCO Sept $45 puts for $1.35 ($675)

So we have a net $7,575 entry on the $20,000 spread so there’s $12,425 (164%) upside potential at $50 and the short calls are fully covered. We can’t lose on both sides so we’ll roll the losers in Sept and that leaves us with 5 more chances to collect $1,400, which is 20% per quarter while we wait for our 164% – not bad!

I know we just did INTC a couple of months ago but it's still cheap so I still like them.

We look for opportunities like, this morning, Intel (INTC) has just laid out their strategy for AI chips at Computex and I was impressed and Boaty (our AGI assistant) was impressed too:

Based on the recent announcements from Intel at Computex 2024 and other sources, here is an analysis of Intel’s competitive positioning against Nvidia and the potential impact on Intel’s stock valuation for January 2025 and 2026:

Key Intel Announcements at Computex 2024

– Unveiled the Xeon 6 server chips with E-cores, offering higher core counts, density, performance per watt, and a smaller footprint compared to the previous generation.