Trades – INTC Put – Bought-to-Close

Over the last 10 days, Intel Corporation has seen some strong gains, gaining about $0.80, or just under 4%, during that time frame (including today). As a result, the January 18th, 2014 put I sold had dropped significantly in value affording me a too attractive opportunity to lock in some profits. I still think that INTC is a very strong company with significantly more upside than the past six month trend would indicate, and a company I will continue to include in my holdings.

Intel Corporation (INTC) – Bought-to-Close Put

With the market price of my January 18th, 2014 put down to $2.56 per share, I decided to close this option and lock in my profits today. With a total repurchase of $261.63, including $5.63 in trade commissions, my net profit on my INTC put was $47.71. Given that I sold this option on 2/21/13, held it for 11 days, I earned a nice 72.0% return on the $2,200 at risk with this transaction.

I’ve updated my Investments page with this transaction.

If you enjoyed this post, subscribe below to get to receive new posts by email.


  1. Not bad at all! There’s nothing wrong with taking a profit. I’ve been thinking of closing out my KO put but need it to come down a just a bit more.

  2. Love it! This is a perfect example of a low risk trade where you can sit back, sleep well at night, and collect a profit. In my honest opinion this options strategy is one of the safest and most lucrative method to make money in the stock market. Great job!

Leave a Reply