Options Trade – Intel Corp (INTC)

I decided to roll my Intel Corp (INTC) cash secured puts for another week – here is the trade:

• Bought: 10 Oct 21, 2022 Puts @ $0.65
• Sold: 10 Oct 28, 2022 Puts @ $1.41
• Strike Price: $27.00
• Additional Premium Collected: $746.75

If I am forced to buy the 1000 shares, my entry price will now be about $24.51 per share – over a 50% discount to INTCs Morningstar Fair Value of $50.00 per share – providing a very comfortable Margin of Safety.  I still won’t miss out on INTCs dividend, which goes ex-dividend November 4th, 2022 – so the roll was really a no-brainer.