Some Trade Ideas

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.  


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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