Bill Baruch joined the CNBC Halftime Report with his latest portfolio move, this time it’s an option trade on Intel.
Transcript: Welcome back Intel shares rallying again today the stocks been on a tear over the past month up nearly 12% below group thinks the recent breakout could be gaining some steam, he’s going to put on a new options trade as a result to capture that upside. He’s here with us for your best option. What is it? Good to see you. Thanks for having me. Good to see you, too. Now this Yeah, this game is on look, you said it. It has fallen out pretty sharply early April. And then again after earnings, late April. But I think all of this negativity has been flushed out. I even lowered guidance, you know, really at the end of April, and that was that last push lower. So I think the bar is set pretty low. For the coming weeks that report at the end of the quarter, I expect positive things, we started to see some of the some of that some of the analysts are start Melius upgraded the name too. So I think that’s, that’s there. And then the US government is behind this game with the chips act. So I think the future is gonna be coming focus here on going out far I’m going out to December, this is far from me, and a trade I’m putting on personally and options. December 20 expiration, I’m buying the $40 call, and then I’m cheapening that cost by buying the 45 or selling the $45 call. So it’s a 40 $45 call spread and the cost of it, I’m getting for a buck or two, you could actually probably get it a little cheaper here today. And as I always talk about back of napkin math, the width of the spread is five points. And you could divide this in there basically five times so I look for at least four being divisible by so this is I think very good value. There’s really strong resistance up there about 40 and a half to $43. I plan on trading this as time goes on here in the coming months, but I I liked this name and we audited portfolios. All right, you you keep us up to date. Thank you very much for that trade. That’s Bill Baruch. So we’re going from next
