ACTION:

Sell to close the first half of the INTC April 29 puts at current levels.

Dear Momentum Options Subscriber,

I have a partial Trade Alert this afternoon for our current position in Intel (INTC). I’m electing to close half of our put position at current levels, and I suggest you do the same.

 

Intel (INTC, $32.12, up $0.43)

INTC April 29 puts (INTC160415P00029000, $0.17, down $0.07)

Entry Price: $0.38 (3/7/2016)

Exit Target: $0.80

Return: -55%

Stop Target: None

Action: Sell to close the first half of the INTC April 29 puts at current levels.

I will be back shortly with the regularly scheduled Mid-Market Update.

 

All prices given in this update are current as of 1:50 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