BTO 1x INTC Jan 23, $42.5 long put @ $7.75
BTO 1x INTC stock @ $45.40
Strategy: wait until INTC reaches $50.00 and then start selling covered calls. Consider selling 0.5x short puts against the 1x long puts. Give INTC 3 months to reach that $50 target, if not sell stock and close out long put.
Using INTC as a test case before I start looking for bigger fish to fry. Learn to manage the discipline, the boredom, and the timing of selling premium against the core position.
Thanks @optioniceman for the alert.