I have a few trades I am looking to make heading into the summer. Options are about as cheap as they've ever been and I plan to take advantage via out of the money calls/puts on select stocks that look ready to rally or tumble.
$INTC - While its still a little early to put the nail in the coffin, I do think the stock is heading lower in the short to medium term. Going out to July will give me time for this trade to work.
$HD Home Depot - A nice chart and $18 billion share buyback
$HPQ the chart is looking increasingly bearish. I think a move under $30 is in the cards over the next few months, the July options aren't being as pessimistic. I like it.