Edited by ogm, 15 April 2013 - 12:31 PM.
INTC and YHOO earnings tomorrow... High Risk INTC put play.
Started by
ogm
, Apr 15 2013 12:28 PM
3 replies to this topic
#1
ogm
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Posted 15 April 2013 - 12:28 PM
I'm short both into earnings.
Specifically for INTC ... PC business is a disaster. the stock has been a major dog during this whole rally.
With the stock trading at 21.5 the Friday's expiration 21 puts can be had for 0.24. If the stock opens at 20, its a 400% gain. And I wouldn't be surprized if it did open around 20, as there is nothing positive going on for the company and CEO is leaving too. There is risk of course, but looks very tempting, considering the market is in no rallying mood already now too.
#2
opinionated
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Posted 15 April 2013 - 12:38 PM
Very tempting OGM do they report before the bell?
#3
ogm
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Posted 15 April 2013 - 12:39 PM
Very tempting OGM do they report before the bell?
No, both after the close.
22 puts for 70 cents is a safer bet, as an option.
Edited by ogm, 15 April 2013 - 12:41 PM.
