Good News in INTC

Wrapping Up the Week: SPY Holds Gains, Intel in the Spotlight

It’s Friday—we made it through another week.

The S&P 500 closed the week up, just a touch lower today, ending at 643.44. The VIX finished at 15.09, which is a bit unusual for a Friday close in positive territory. Overall, it wasn’t the eventful week some expected—but next week might be a different story.

We’ve got the tail end of earnings season, a few retailers reporting and the big event: the Jackson Hole Symposium. That’s where key figures in the finance world gather in Wyoming, discuss policy and occasionally give the markets a glimpse of what’s next. With Powell in lame-duck status, it’s hard to say how much new direction we’ll get, but the general outlook may already be pretty clear.

One standout this week was Intel (INTC). Once the darling of the chip world, Intel’s had its challenges, but now there’s talk of the government possibly taking a stake in the company. The market liked the sound of that, and it could help put a floor under the stock—at least until the narrative changes.

Personally, I’ve sold puts on Intel. Elevated implied volatility makes it attractive for put sellers, and if the shares come to me, I’m fine holding them and selling covered calls—my favorite wheel strategy in action.

Enjoy the weekend, and let’s get ready for Monday.

#MarketInsights #SPY #Intel #Trading

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