.http://finance.yahoo.com/news/intel-intc-stock-earnings-preview-193607220.html "Intel INTC will report second quarter 2016 earnings results after the bell on Jul 20." Intel is too closely followed a stock to expect to out-think the market... yet one feels the need to make some kind of bet on earnings outcome. From all that has been written including the Zack's article above, the extended state of the chart: http://stockcharts.com/h-sc/ui?s=intc including a stall in the last two days, I am going to make a small wager that all anticipations are built into the price at this point and a slight pull back will occur when numbers are actually released: Trade: with INTC at 35.05 JULWK4 35/33 bear put spread for a net debit of $54 (Expiration Jul 22) Price............ Profit / Loss....... ROI % 25.00................ 146.00.......... 270.37% 28.50................ 146.00.......... 270.37% 30.00................ 146.00.......... 270.37% 33.00................ 146.00.......... 270.37% 34.46................... 0.00.............. 0.00% 35.00................ (54.00)........ -100.00% 36.50................ (54.00)........ -100.00% 40.00................ (54.00)........ -100.00% 43.00................ (54.00)........ -100.00% One could 'straddle' the position by adding this trade: JULWK4 35/38 bull call spread for a net debit of $69 (expiration Jul 22) Price............. Profit / Loss.......... ROI % 26.25............ (69.00)................ -100.00% 30.33............ (69.00)................ -100.00% 34.62............ (69.00)................ -100.00% 35.00............ (69.00)................ -100.00% 35.69............... 0.00....................... 0.00% 38.00............. 231.00................... 334.78% 38.91............. 231.00................... 334.78% 43.21............. 231.00................... 334.78% 47.50............. 231.00................... 334.78%