James and Holt have been regular sellers.
James programmed sell set up in January:
( 1 )Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned on January 31, 2014 that are intended to comply with Rule 10b5-1(c).
all 101,580 option shares vested 01/24/2013.
Holt programmed sell set up a year ago:
( 1 )This transaction was made pursuant to trading instructions adopted by the undersigned on April 25, 2013 that are intended to comply with Rule 10b5-1(c).
26,882 shares, vested 01/24/2014
31,676 shares, vested 01/24/2012
15,440 shares, vested 01/24/2013
" why, you must have an IQ in the upper 40's."
...... or an internet connection baud rate in the upper 40's. Maybe it just takes a long time for pages to download.
AMD LOSS of $0.06 per share.
AMD down 15% in AH from a close of $4.57 to $3.90.
$6.00 is probably postponed.
"Vlad's goal, he wants a war to justify controlling Ukraine, its landmass, its resources and people"
IMO, he is looking for a secure land route to the Crimean naval bases.
The Friday $34 and $34.50 calls have a BID/ASK SIZE of 400/4000 with an OI of 7k. Seems like CALL selling at $34 and $34.50.
The SEP $36 has BID/ASK SIZE of 1,750/50 .... BUYING at 30 cents. Volume is up to 36.9k now.
I think the option trading is one of the things that pins the trading price to $34.
I agree with mas. The day after a STUNNING $3 pop. All of the technical indicators have to be reestablished after sentiment changing news. Lots of churning for the next week or so. Next milestone will be next week (probably Wednesday) when Intel announces dividend.
Overall, it looks like option positions being adjusted following earnings and before Friday expiration. Option closing and rolling for those who want to keep their positions. In general, the action by the increased option market maker activity should increase the "gravity" of strike/dividend price points.
There should be heavy volumes for awhile. All those who sold covered calls are rather irritated that the call holders took the profits from the stock pop. There will be roll ups and you are starting to see that with JAN 2016 CALL. They opened up the $45 strike today and there is solid activity at the $35/$40/$5 strikes (1000 contracts).
Good SEP activity. $34 put buying ...8k contracts
9k CALL $34 call contracts possibly mated with the PUTS for a combo trade ... strangle.
22k $36 calls appear to be buying too.
... AND ... Friday options ...
5k $35 CALLS
27k $34 CALLS
I don't expect any dividend action, but Stacy Smith said that Intel priorities were:
1. invest in the business FIRST
2. generate shareholder return through the dividend
3. and then to return cash to shareholders via stock repurchases.
Since the buyback was so aggressive, it might imply the BOD are expected to add to the dividend too.
"Our capital allocation philosophy is to first invest in our business, then generate shareholder return through our dividend and then to return cash to shareholders via stock repurchases. Our business generates healthy free cash flow through economic cycles but as a result of this capital allocation philosophy, we have brought down our net cash balances plus longer term investments from over $23 billion in 2010 to around $7.5 billion today.
We plan to continue our journey returning cash to our shareholders by adjusting our capital structure to further bring down our net cash balances. The intention is to repurchase $4 billion of stock in the third quarter with additional buybacks in Q4. This strategy enables the sufficient liquidity for our operations and provides strategic flexibility to invest in our business while continuing to return cash to our shareholders."
Good point. I tend to now take longer term option positions. At least you maxed out your trade profit.
Both the $20 and $22 calls have zero intrinsic value and your position value will not change between now and January. You probably should make early exit plans.
I just looked at the $22 JAN 2015 CALL options.
Intel was trading at $33.73
The call had bid/ask prices of: $11.45/$11.75.
Open interest is 33,116 contracts.
IMO, you are at risk right now. The bid has dropped below the intrinsic value. That tells me that there are no buyers. The part I hate is having just a couple contracts assigned and have to pay a high transaction price. Your position needs to have some time premium on the bid.
".... needs to do about $5.54 billion in sales to break even"
It is relatively easy to do the math, but it is much more difficult to figure out the value generated by mobile that is shared across organizations.
One example of what I mean would be the power management system from Silvermont. All the knowledge gleaned from the cache shutdown, frequency control and the core control was developed and charged to mobile but those designs have been incorporated into Broadwell. The PCCG group or any other group does not get charged for that fundamental engineering nor does the mobile group get any credit when AE does the math.
16 price target increases.
Roth raises target price to $38 from $35. BUY
Morgan Stanley .... to $30 from $28. equal weight.
B. Riley raises Intel to BUY and raises target price to $40 from $33.50.
Pacific Crest raises price target to $37 from $35. outperform
Canaccord Genuity .... to $33 from $31. hold.
Barclays .... to $30 from $28, equal weight.
Baird ..... to $32 from $29. neutral.
RBC ... to $34 from $31. sector perform.
Jefferies .... to $45 from $40. buy.
Cowen .. to $33 from $27.50. market perform
Nomura ... to $29 from $27. neutral
Topeka Capital ... to $38 from $34. buy.
BMO ... to $37 from $33. outperform.
UBS raises to BUY from Neutral
Susquehanna raises price target to $30 from $27, neutral.
Stifel raises target price to $36 from $31, buy.
Intel will be ramping 3 14nm fabs in parallel in Q3/Q4.
Margins will sag and then move up to historical highs.
Wait till Covello capitulates. Ouch.