Risk Reversal Covered Call + Protective Put on INTC; Potential loss - 9.14% in 36 days

On September 8, 2022, I rolled forward and down 1 covered call on the INTC stock (NASDAQ: INTC) with a new expiry date set on September 16, 2022.

Additionally, I bought a protective put at 29.5 and sold this week’s protective put with the strike price of 30.5.

I decided to implement a risk reversal strategy on Intel stock last week and seems the strategy is working, at least there is some immunity against large swings.

This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.

here is the trade setup: