Intel Corp (INTC)

[GreedyAgorist]

Yeah, but you can trade options on these blue chips (no pun intended) and do so both ways. You can pre-hedge by getting a put or two on them first. Or you can sell cash covered puts on them (timed for their dividend date); if you end up holding the stock because it stayed down, you can sell covered calls on them. And collect a dividend on them every 3 months, if you end up holding them longer than anticipated. This one hit my low target, but did so after the ex dividend day -- did I mention the dividends? -- so I did not jump on it; I have some time left before it comes back around in my rotation. Glad I was in no hurry to play this one again yet, but even then, maybe today was a good day to start a position. Hit 46, but quickly bounced back to 47.

Hard to pre-hedge a stinky pinky. No options down in the sub pennies (or anything below $5 for that matter). Wish there were; I can think of one or two where I would load up on puts in anticipation of dilution or a reverse split. I could just short, but not quite my style.