Trade Alert – Intel Stock – Oct $22 Naked Puts Bought To Close

Oct 16, 2012 | Intel Stock (INTC)

Today push higher in Intel Stock allowed me to close the Oct $22 puts for .28 cents. I will explain in an article my plan for these puts and why I closed today but in a nutshell I believe the buying was a little overdone on Intel Stock today and I should be able to sell the $22 or $21 puts again tomorrow or Thursday for a lot more as I am pretty confident looking at the Technicals that Intel Stock will move back into $21.60 to $21.75 in the next day or two.

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