$Intel(INTC.US)

Fu~yoo! it’s a bit bittersweet. While I missed out on adding more common shares before this parabolic move, my sell put strategy worked exactly as intended. The massive gap up means the put options I sold are now nearly worthless (approaching 85% profit), allowing me to pocket almost the entire premium in record time. The high IV has collapsed post-earnings, so I'm letting the current Sell Put positions expire or closing them for a tiny cost. I won't chase the stock at these all time highs instead, I'm waiting for a healthy consolidation or a retest of the old resistance (now support) to add long-term shares. Sitting on my hands and enjoying the "free" premium for now.

@Bridge Buzz SG