07-24-2020, 09:46 AM
INTC has been losing their market leading edge for a while now. The 7NM delay was surprising. I was giving them a look for a re-entry a week ago. They have work to do.
Sold a QQQ put with a 250 strike that expires next Friday. $360 premium for a week is nice but that's a $25K buy if the NASDAQ keeps falling. I have little tech exposure now so I guess I'll call it diversification. It's about as brave as I ever get with a single trade. I'd really like some MSFT but don't feel comfortable entering any particular Mega CAP tech at these prices.
Sold a QQQ put with a 250 strike that expires next Friday. $360 premium for a week is nice but that's a $25K buy if the NASDAQ keeps falling. I have little tech exposure now so I guess I'll call it diversification. It's about as brave as I ever get with a single trade. I'd really like some MSFT but don't feel comfortable entering any particular Mega CAP tech at these prices.