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INTEL DRNINTEL DRNINTEL DRN

INTEL DRN

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ITLC34 trade ideas

Inverse Head and Shoulders Earnings 1-21Earnings Thursday AMC Now a gaps below price so possible pull back for a gap fill..just hard to know but the gaps provides support as well as the neckline now that price is abover the neckline.. This stock has seen some bad moves down after earnings recently.. Head is at 43.62 RS 45.24 LS 46.95 This pattern is usually reliable but you just never know especially at earnings so be sure to do your research.. Also known as a head and shoulders bottom..is a 3 valley pattern..have noted pattern does a bit better when right shoulder (RS) is a bit higher than LS. On this chart the RS is a bit lower than the LS. Calculating targets is often done by subtracting Head (A) from neckline (B) and add it to long entry level. . Sometimes the neckline slopes down and that is considered okay by most..sometimes this leads to better results. By no means a recommendation..
NASDAQ:INTCLong
by lauralea
INTC - Should I stay or should I go?Eyes are on INTC today after the price pop following the announced change in management. Personally I believe INTC (and other semi-conductor companies) have a justified place in any diversified portfolio. The business model in an increasingly digital world definitely has future growth potential but also incredible high barriers of entry. thus existing players should continue to excel. However the competition between existing players is high and thus puts pressure on margins and ultimately company results. Over the past 3 trading days INTC has closed not only the gap lower of the October 2020 earnings, but also attempted to close the bigger gap of July the same year. To me this raises the question; Does INTC have the potential to challenge its Feb 2020 highs or are we dropping back to more recent levels? Current analyst consensus price is in the $51 area and would suggest that the stock overshot by about 10%. However, the newly announced management change plus hints towards stronger than expected earnings might give the stock more room to run. Thus I will not focus on the fundamentals until after earnings and look at the technical aspects for now. What I like; + Closed October 2020 gap and aiming for July 2020 gap closure + Historical support in the $56/57 area which at the time of writing holds true + Series of consecutive "higher-highs" since December 22, peaking in two gaps higher in the past two days + Bullish breakout from a wedge that started forming since June 2020, however I do not believe that the height of the wedge is an indication for upside potential What I don't like; - Historically huge vol. at earnings with large jumps/gaps which makes risk control difficult - The closing of the July 2020 faces strong resistance from profit taking or traders liquidating formerly loss making positions that were engaged prior to the gap lower - RSI and MACD now in overbought territory What I watch/expect; Stock likely to consolidate at current levels, trading sideways pre-earnings Clearance of July 2020 will provide further upside, failure will likely see a fallback into the $52 range Earnings to trigger fundamentals update Note; I have started to build OTC call positions (JAN-15) after the gap lower late last year with an average price of $52.50. My tendency is to exercise said options and own the stock rather then rolling the position with new strike/maturity. For now I will not operate any take-profit order but implement a fail safe Stop Loss at cost level. ***Everything above is my personal view and not to be considered investment advise. Risk management is key, never trade what you can't afford to loose***
NASDAQ:INTC
by SLRK
6
OPENING (IRA): INTC FEBRUARY 19TH 42.5 SHORT PUT... for a .70/contract credit. Notes: As with my BA trade (See Post Below), targeting some options highly liquid single name for premium selling. Here, it's the beaten-down Intel, with the short put lining up nicely below support. 30-day at 44.8%, expiry-specific at 41.6%. I generally like to sell premium in single name at >50% implied, but occasionally settle for less when there's nothing better "at the top of the board," so to speak. One of my New Year's resolutions is to not be so lazy with these plays, so compared monied covered call setups with delta metrics similar to those of going naked short put, the advantages and/or disadvantages of going with a particular expiry over just defaulting to the monthly, and whether something like a long call vertical or long call diagonal would make any sense here. I used to do these comparison and contrasts much more often, but it takes some additional time, but thought I'd set out the basic process of deciding what setup to go with here, even though I'm probably not going to do that with each and every trade I take. COVERED CALL VERSUS NAKED SHORT The February 19th 42.5 covered call would have a max profit of .60 currently with a break even of 41.90; the 45 monied, 1.14, with a break even of 43.84. For contrast, the 42.5 naked has a 41.80 break even, so you get a smidge (.10) more out of going naked versus going with the 42.5 monied. The 45 monied, with a 2.6% ROC at max, has a better return, but a break even that is nearly $2 higher than both the 42.5 monied and the 42.5 short put, so the trade-off there is less room to be wrong and therefore a higher return on capital. Both of these types of plays, however, have high buying power requirements, particularly in a cash secured environment, with the cash secured naked short put costing 41.80 to put on, with its primary advantage being ease of trade of management. CHOICE OF EXPIRY The other thing I've tended to be lazy with is choice of expiry. Here, there may be an advantage to "shopping" for the highest implied expiry, which -- in this case -- isn't the February 19th monthly; it's the expiry nearest Intel's earnings announcement, which is the January 22nd weekly with an expiry-specific implied of 47.1%. To get any short put to line up nicely with that support around 44, you're going to have to sell something like the 17 delta 44, which is paying around .52 right now for 23 days' of "work." On an annualized basis, you're probably going to get more bang for your buck out of going with the January 22nd versus going with the February monthly, which is more than twice as long in duration. The January 22nd 44's ROC%-age is 1.12% at max; 17.8% annualized while the February 19th 42.5 is 1.67% ROC at max, 12.0% annualized. Again, however, the trade-off is less room to be wrong versus getting in and out of these plays rather quickly to maximize annualized return on capital. LONG CALL VERTICAL/LONG CALL DIAGONAL When working with smaller accounts, long call diagonals have been one of my favorite plays to go with when I can't or don't want to afford a covered call or a naked short put, but want to do something synthetically that mimics a covered call. Given where Intel is at currently, I think it would set up nicely for either a one-off long call vertical or diagonal. Here's a couple plays with similar delta metrics to going with a naked short put with a delta value of between 16 (2 x the expected move) and something more aggressive, like a 30 delta. The first example is the February 19th 37.5/45 long call vertical with a delta metric of around 20. A 7 1/2 wide, it would cost around 6.55 to put on, with a max profit metric of .95 and a 44.05 break even with a 14.50% ROC at max -- a whopping 103.8% annualized. What's not to like? The primary disadvantage is that one generally doesn't "manage" one-off debit spreads -- they either work fantastically or you take them off for a loss (e.g., 2 x max profit). Naturally, you can go with something far less aggressive than a monied, but one of your goals here should be taking profits relatively quickly, churning in and out of plays to maximize return on capital, rather than sitting out endlessly in an underlying without locking realized gains in on a regular basis. The second, a diagonal, where you buy a high delta, longer-dated back month call and sell a shorter duration call, working it like a covered call. My general preference is to go at least "skip month" in duration for the back month, so I'd probably buy the April 16th 37.5 (90 delta) and sell the February 19th 74 delta 45, yielding a net delta metric of around 18. As with the static long call vertical, it's a 7.5 wide, but going longer duration with the back month costs a little more. Here, the whole setup costs 6.78 to put on, with max profit being the difference between the width of the diagonal (7.5) and what it cost to put on (6.78) or .72, an ROC%-age of 10.6% at max, 75.9% annualized. The advantage here is that you have opportunities to roll the short call to reduce cost basis further and therefore increase your ROC, but have a timer of sorts when you will have to exit the play, win or lose, at April expiry. Here, I'm taking the "ease of trade management" route,* but will consider doing more monied short call verticals and/or diagonals going forward, particularly in some of the smaller accounts I'm working. * -- To be completely honest, I hit click and send and got a fill before doing this post, but may do a separate play in one of the smaller accounts I'm working.
NASDAQ:INTC
by NaughtyPines
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.
NASDAQ:INTC
by IngenuityTrading
2
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.
NASDAQ:INTC
by PT_Marche