Buy to open the INTC February 30 puts (INTC160219P00030000, $0.60, up $0.18) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon on a name that could make a major move in the coming days. It is an earnings trade, so there is additional risk involved, but I am going with the February options to give the trade plenty of time to play out.


Intel (INTC, $31.90, down $0.78)

Buy to open the INTC February 30 puts (INTC160219P00030000, $0.60, up $0.18) at current levels.

I like these put options at current levels, and you can use a Limit Order up to $0.75 to get the best fill.

These are the regular monthly options that expire on Feb. 19.


The technical setup is showing that shares could make a backtest to $30. The 50-day moving average is rolling over, and resistance at $33 appears as though it is holding.


All prices given in this update are current as of 2:35 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options