INTC Long entry

Intel created a head and shoulders and will move down to about $31 before heading higher $37-$44. Good opportunity to capitalize off the momentum and average down/buy in.

Reminder that intel will recover to $55-$70 range by 2024. Excellent buying opportunity.

My strategy: Holding 5000 shares of intel, with an average cost of $31. writing weekly/bi-weekly ATM calls with those shares anytime it reaches $35-$37 for the premium (around $4-5k depending on volatility). Its free money.

thanks