Subject: Can Intel Corp. (INTC) Overcome The $50 Psychological Barrier?

 

Terrys Tips newsletter
     

Dear Friend,

This week we are looking at another of the Investor’s Business Daily (IBD) Top 50 List companies.  We use this list in one of our options portfolios to spot outperforming stocks and place option spreads that take advantage of the momentum. 

Last week, the market (SPY) enjoyed its best week in 7 years.  The 8 real-life option portfolios carried out by Terry’s Tips shared in the good news.  Our composite portfolio value gained 27% for the week, one of our best weeks ever.

Terry

 
Option Tip of the Week

Can Intel Corp. (INTC) Overcome The $50 Psychological Barrier?

Several analysts think Intel stock can move a lot higher, here are two of them – Why Intel ‘s Stock Is Poised To Surge and Bull of the Day: Intel (INTC).

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Technicals

From a technical perspective, INTC is facing a wall of resistance consisting of the psychological $50 barrier as well as the 200-day moving average.  However, the stock is seen consolidating below this resistance zone through out the month of November within a relatively small range which signals a lack of selling pressure.  This type of price action usually suggests that the bears are not in control and that the stock may well be on the verge of breaking higher.  As well, on a weekly chart, INTC posted a bullish engulfing candle as a result of price action in the past week which signals strength and favors a continuation higher.

 INTC Graph November 2018

*source Tradingview.com

If you agree there's further upside ahead for INTC, consider this trade which is a bet that the stock will continue to advance over the next six weeks, at least a little bit.

Buy To Open INTC 11JAN18 47 Puts (INTC180111P47)

Sell To Open INTC 11JAN18 50 Puts (INTC180111P50) for a credit of $1.11 (selling a vertical)

This price was $0.02 less than the mid-point of the option spread when INTC was trading near $49.  Unless the stock rallies quickly from here, you should be able to get close to this amount.

Your commission on this trade will only be $2.50 per spread (the rate charged by thinkorswim for Terry’s Tips’ subscribers).  Each contract would then yield $108.50 and your broker would charge a $300 maintenance fee, making your investment $191.50 ($300 – $108.50).  If INTC closes at any price above $50 on January 11, both options would expire worthless, and your return on the spread would be 57% (533% annualized).e spread would be 43% (581% annualized).

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Changes to Investor’s Business Daily (IBD) Top 50 This Week:

IBD Underlying Updates November 29, 201815

We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run.  Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.

As with all investments, you should only make option trades with money that you can truly afford to lose.

Happy trading,

Terry

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Any questions?   I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com

You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here.   Why wait any longer to make this important investment in yourself?

Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswimIf you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Seth@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you for our Premium Service package ($119.95 value plus an extra 4 months of our Premium Service, valued at another $190.80).  You get $300.65 worth of services without paying us one penny.

I look forward to having you on board, and to prospering with you.

Terry
 

 

    
Become a Terry’s Tips Premium Insider, and receive all our educational reports and materials
 
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by opening a new account at the
best options broker around

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You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Seth@TerrysTips.com and let him know that you have done it. We will then sign you up for our Premium Service package ($119.95 value plus an extra 4 months of our Premium Service, valued at another $190.80).  You get $300.65 worth of services without paying us one penny.

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I have been a subscriber for about a year. I autotrade in 2 different accounts, all your strategies. I read everything you write on Saturdays. I love your happiness thoughts and everything else. I usually do not communicate at all but I had to tell you how well my accounts with you are doing compared to everything else. You are awesome. Keep up the good work. Thank you.~ Maya

     

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Sincerely,
Dr. Terry Allen
Terry's Tips

 
 
Week 514

December 3, 2018
 
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