macro-monday
Trade Idea - Covered call on Steroids
Very bullish and oversold $INTC is in top performing sector (XLK) and sub-sector (SMH), with improving money flow and in a near-term sideways consolidation. We bought an in the money August call and reduced cost basis by selling an OTM June call. Pretty good return on buying power from a "covered call" standpoint with the opportunity to roll once or twice if INTC takes a while to breakout. . Watch today's video to learn more.
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