Dark Money Sell Alert: Cut Losses On Intel Calls

Even though Intel’s second quarter earnings results were impressive, there was some concern about pressure on gross margins in the next few quarters, so the stock sold off. The chance of a strong rally above a $60 call option strike price by mid-September is low. We recommend cutting losses and recouping any premium that’s left in this position ahead of its September 17 expiration.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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