Hi everyone, welcome back! I’ve been very busy with my move to Austin, Texas, so this post is a bit late. Everything is settled now so these blog posts should be a bit more regular like before.
I sold a couple INTC puts 2 weeks ago. I sold the May 20th, 45 strike puts for $1.5 premium each. They are currently selling for a bit less, so I’m up a little bit on those. I don’t mind getting filled on them if the price is below 45 in a month. I plan to sell calls on it if I do get assigned (wheel strategy).
Also, despite BABA’s recent decline in price, I see no change in its’ fundamentals so I will likely be adding either a little more or diversifying a bit into something like FB. Although I wanted FB at 200, it’s still a decent buy at current prices.
INTC daily chart below:
FB weekly chart below:
BABA weekly chart below:
BILI weekly chart below:
I think Bili’s valuation is decent now, although it could certainly slide another 50% so I would start with a small position. I like the anime Bili produces so that’s another reason to buy some.