This trade closes out the INTC position opened earlier this cycle. With expiration arriving today and the premium decaying to near zero, this was a clean, by-the-book exit to lock in gains and free up capital.
Trade Update
INTC – Closing Position
- 04/02/26 – Buy to Close INTC $44 Put (04/02) @ $28.00
- Closed the position on expiration day to avoid assignment and secure profit.
With INTC expiring today and the stock hovering near the $44 strike, letting this one expire unmanaged introduced unnecessary assignment risk. Intel has been under pressure lately, and taking on 100 shares at $44 wasn’t part of the plan at this stage.
The original premium collected was $93. Buying it back at $28 locks in a net gain of $65 per share, roughly 70% of max profit – a clean, disciplined exit that stays true to the strategy.