Mike Shorr joined Schwab Network to talk Intel (INTC), structuring a trade around implied volatility that’s still low despite a recent move higher. He walks through the exact level he needs to see reclaimed, his target reward to risk, and what he thinks happens to the market depending on what the Fed decides this afternoon.
Mike covers:
- Why low implied volatility on INTC pointed him toward a calendar or diagonal instead of a straight directional bet
- The exact level he needs to see reclaimed before he’s in the trade, and the reward to risk he’s targeting
- His take on what happens to the market if the Fed’s decision doesn’t match what the data is already showing
- The one line from Fed messaging he says could set the tone for the rest of the market’s reaction
