Tuesday, October 23, 2012

INTC new monthly trade, Oct/23/2012

Trade update (Nov/02/2012):
Closed for 80c at close for  80% profit
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INTC earnings are over and I think we have a good chance we hit 22 to 23 easily in the next few weeks (in that case I sell this spread I got below). INTC hasn't gone down much considering the downside action in the markets and I liked that sign in this stock.


INTC weekly chart

















Trade: 
Buy 1X $21 Nov call 
Sell 1X $22 Nov call 
(Paid 44c)

*Please do your own research before buying any stock listed here. Disclaimer.
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