This stock was doing great, but has met incredibly strong resistance at $24 for several days now. What the heck gives? Why can't it break through? Meanwhile AMD is just zooming up when their profits on the console chips will be a joke.
at least he tried to make some money with the armh put, but it seems he hates to take a profit on anything chip related.
I was impressed with the timing of the purchase of the ARMH put , disappointed in the failure to take a profit before the breakout.. as for intc, one thing seems certain, Waldo will pump, pump, pump no mater what the price does.
Intel is a "value" stock and you have investors (pension funds, arbitragers, ...) who sell covered calls for extra income. Selling calls or buying puts encourages the option market maker to short Intel.
I don't know if this is being done to simply for the extra income or to control the Intel price but when Intel trades in a narrow channel, there seems to be extra option activity and look for 10k contract strike points..
Alexander, if I had 20k shares of Intel, for instance, and I planned on holding them for a long time.......are you saying there's a way to guarantee more income than just the Dividend? How risky is it?