$INTC's 40% monthly run makes its $110 put pay 4.6% in 36 days
$INTC's Oct 30 $110 put pays $5.10, or 47.0% annualized, with a 15.4% cushion. Earnings, expected around Oct 22, land inside the trade.
YieldCove Desk
4 min read
Intel ($INTC) has been the hottest large chip stock this month. It closed at $122.60 on Sept 23, up 40.2% in 20 sessions and 21.3% in five. The biggest leg was a 12.1% gap on Sept 21, from $108.60 to $121.78.
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