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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

04/18/18 at 12:21 PM CDT

 

 

READ: 4

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Sentiment:

Neutral

OT - INTC

OT - INTC - Intel just blew past it's 52 week high, crossing above $54. I still find this scary. Although the all-time high is different - in 2000, I guess before dot-bomb bubble burst, it had a high price of $75.81. May we revisit that again. Probably in my dreams, lol.

Altho the INFN call writing strategy that Jon pointed out yesterday is pretty sweet - 7% @ $11.50, 5% @ $12, I'm leaning towards waiting for earnings. I failed to write calls on CIEN last CC, and the news propelled the stock nicely, at which point I wrote calls, and a subsequent pullback just let me pocket the premium, alto it is again up near $26.50, which was the strike in that deal. But I'm partially blind, as I don't have any detail on how the quarter should turn out for INFN.

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