Thanks to some options trades closing profitable last Friday, the Lizard King has some free cash to invest.
music selection: “How Much Love” — Vixen
I decided to go with Big Cheap Tech today. It was a tossup between Oracle and Intel. Intel edges out Oracle by a nose as the three month chart is a sideways pattern while Oracle is trending down in the last week of the trailing quarter.
My prey this week is INTC150821P00031000. I ambushed the poor sucker for 1.06 a contract over 57 days. That comes out to an annualized 21.90% return. A tasty morsel for such a big safe company. In the event of assignment. Yield is running about 3%. That’s a healthy amount in an environment where the S&P is yielding a hair under 2%.
Coming up next week are some raptor theory discussions. I’ll be diving into why I choose the companies I do.
Devour your prey raptors!