12/19 INTC Bear-Call Spread Opened

Dec 20, 2016

We went short today with a bear call spread and less than a month until expiration. Our risk reward for our contracts was an even 1:1, with the breakeven at the 37.50 strike price. Our stop loss is at breakeven to manage our risk to the lowest point possible.

Dec 21, 2016

Note

Error in our breakeven mark. It's 37.25, not 37.50.