OptionsHouse

Options Trading News

June 12, 2013  Wed 5:16 AM CT

INTC: SEE CHART GET CHAIN FIND STRATEGIES
Intel has enjoyed a nice run this quarter, and now the bulls are moving their positions higher and out in time.

optionMONSTER's Heat Seeker program shows that traders sold the June 26 calls yesterday and bought the July 27s. Blocks of 40,000 contracts in each traded for a net cost of $0.11.

Long calls lock in the price where the stock can be purchased, allowing them to track movements in the underlying share price. Rolling them from one month to the next keeps investors positioned to profit from gains while limiting the cost. (See our Education section)

INTC declined 1.2 percent to $24.71 yesterday. The chip maker has moved from the low $20s to the mid-$20s but remains below its recent highs.

Yesterday's roll accounted for the bulk of the option paper in INTC yesterday. Calls outpaced puts by 128,000 to 19,000.

Disclosure: I own INTC calls.

(A version of this post appeared on InsideOptions Pro yesterday.)
Share this article with your friends


Related Stories

INTC

Heavy call volume targets Intel gains

July 1, 2016

The chip giant, which got a price upgrade from Citigroup yesterday, is scheduled to announce quarterly results after the close on July 20.

OptionsHouse

Premium Services

Education & Strategy

Know thyself before trading

All too often people jump into market without considering some basic guidelines that have as much to do about themselves...

View more education articles »