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!

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Write Puts Intel Corporation (INTC)

Never miss another opportunity to devour prey!

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