Long Intc....looking For Ideas

Quote from mschey:

Hi,


Because I am a complete dumbass, I didn't exit out of INTC at the close, I simply "forgot" about it and walked out of the office!
:(

Looking for ideas on what I can do to handle it. The obvious is to exit the position tomorrow, perhaps trade it some, though nasdaq is not my forte'. So fellow ET'rs.....what say you!

I am long 2700, and considering doing some covered calls against it!
More...

I had this on as a pair with AMD a few weeks back. Other possiblilities are TXN, NSM. The spread with AMD is up over $4, which is a very big move.
 
I thought about that...but...I just don't see spreads doing there normal mean reversion lately. In fact, they seem to be blowing out to new historic levels. I actually thought about going long AMD, short INTC, and now that I check it I should have.

Instead, I got out, then shorted INTC, then Covered around 40 and will likely buy back around the close.

Thanks for your input!

EDIT: Damn....last night I decided that short INTC, long AMD was a good trade to make with a tight stop, quote problems this AM put me off of my game and strategy. Well, as I previously stated, I will look to TRADE this stock over the next two months to get back some money!
 
You're right about them trending. I had to eat some serious losses today because I had been adding another leg on some pairs that were going against me. Finally bit the bullet. The biggest problem I have with pairs is knowing when the pair is "not working". Maybe place more emphasis on the fundamentals. Anyway, back to scalping.
 
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