INTC Analysis

Intel Corp. (INTC)

Update 7/28/2017:  INTC rose at the open after earnings were published. I exited a 26% of maximum potential profit, one point above my target.

Shares rose by 0.82% during the day I held the position, or a +298% annual rate. The options position produced a 34.4% yield on debit for a +12,559% annual rate.

INTC publishes earnings on Thursday after the closing bell.

I shall use options that trade for the last time eight days hence, on Aug. 4.

Implied volatility stands at 34%, which is 2.4 times the VIX, a measure of the volatility of the S&P 500 index.

INTC’s IV stands in the 59th percentile of its annual range and the 75th percentile of its most recent broad movement.

The price used for analysis was $34.91.

Premium: $1.25 Expire OTM  
INTC-iron fly Strike Odds Delta
Long 37.00 92.3% 8
Break-even 72.00
Short 35.00 53.7% 48
Short 35.00 46.3% 52
Break-even 33.75
Long 32.50 87.6% 11

The premium is 56% of the width of the position’s wings.

The risk/reward ratio is 1:1.

Decision for My Account

I have entered an order on INTC as described above. The stock at the time of entry was priced at $34.91.

By Tim Bovee, Fukuoka, Japan, July 27, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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