Option Investor

Option Writer Portfolio - July

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Intel Corp (INTC) has recently broken the $20.50 support from April 15th. The market is declining rapidly and volatility is shooting up. Close out the INTC July 21 puts based upon the technical stop. Sell the 19 July Puts and buy the July 21 Puts for an approximate $0.82 Debit.

US Bancop (USB) was holding onto the $27.86 support but has failed that level and is now trading below the technical and the cost basis (risk management). Let's try to sell the 25 puts for July at the same point you buy to close the 27.5 puts. The net debit will be about $1.10.

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