I must apologize.

Last night, Intel Corp. (NASDAQ: INTC) announced that’s it entered a $10 billion dollar accelerated share repurchase (ASR) agreement.

That news sent shares soaring higher by 5% to $51.50 per share in the after-hours session.

This move would have sent our options contracts higher by 275%. 

Today’s market open couldn’t come soon enough.

Shortly after the opening bell, I sent out an alert to exit your Intel Corp. (NASDAQ: INTC) Aug 21, 2020, $50.50 call (INTC200821C00050500) at the market.

After sending that alert, prices dropped by $1.00 within minutes.

This drop erased those big profits.

As you can see, our system was right on top of this move.

Unfortunately, markets move, and this move didn’t stick.

By the time you received the profit alert, you likely were to exit for a few cents higher than our initial entry.

Certainly, not the nice 50% gain I emailed you to lock-in.

I understand this was likely frustrating and a big letdown.

Trading weekly options such as these are a challenge because they move so fast.

Not everyone can react that fast and that is my fault for putting you in that position.

This can be emotionally stressful.

I’m sorry for that and this falls on my shoulders.

Going forward, we’ll stay away from these shorter-dated option opportunities and focus on opportunities that expire in the next 3-6 weeks.

That way, you have enough time to get in and out.

My mission is for you to get rich and learn a thing or two along the way.

I hope that makes sense and I’ll talk in tomorrow's August options expiration update.