Taking Shares Of Verizon, Locking In Premium With Intel

The service had been tested with employees and some of those that used it have claimed it was impressive. Join us today to have access to our portfolio, watchlist and live chat. Members get the first look at all publications and even exclusive articles not posted elsewhere. They had adjusted their guidance to the lower end of where they had originally expected to come in. This was our 7th trade with selling puts on INTC, and once again, the contracts have expired worthless, locking in the premium. The Den of Geek quarterly magazine is packed with exclusive features, interviews, previews and deep dives into geek culture.

So it hasn’t been quite a full year yet, leaving us with plenty of time to make additional trades. The $3.44 can be compared with the $1.46 annual dividend the stock pays now. This was our 7th trade of selling puts on INTC now, without taking assignment on any of these trades.

With this latest trade, that now brings us up to collecting $3.44 in total premium. In my opinion, it is slowly accumulating premium over the long run in many trades that you wouldn’t otherwise have produced. Once again, INTC didn’t disappoint and, as expected, dropped considerably after their earnings report. It was a beat on both top and bottom lines and reaffirmed the outlook.

Intel Plays Key Role In Worlds First Successful End

Full-year guidance was above analysts’ expectations, but it seems that everyone has become so short-sighted in this volatile market. INTC offers weekly options but doing a trade every 10 days does become more difficult. It is especially considering that they don’t release earnings every 10 days either. We had two other trades previously expire worthless where we collected $0.15 and $0.25. Fairly small amounts, but that $0.15 trade was over 4 days and annualized out to 26.84%.

April 29th, 2022, options expiration has us taking shares of Verizon, and our trade with Intel expiring worthless. Intel’s news source for media, analysts and everyone curious about the company. Worldwide third-quarter fiber-to-the-home, FTTH, revenues were flat year over year at 1.3%, while DSL revenues declined 29% as operators in almost every global region migrate from copper/DSL broadband technologies toward FTTH or “deep fiber” solutions. Glacier Ventures International Corp., or Glacier Media, struck a definitive agreement to acquire all class B common voting shares and class C nonvoting shares that it does not already own in GVIC Communications Corp. The move is in line with Salesforce.com Inc.’s proposed acquisition of business communications platform Slack Technologies Inc.

Chairman and CEO Hans Vestberg said the company plans to add 5G home broadband services to over 20 additional U.S. cities in 2021, while nearly doubling its number of 5G ultra-wideband locations across the country. Verizon also said it would close a deal on February 21 to acquire from British-based Vodafone the 45 percent stake it does not own in Verizon Wireless, the huge mobile carrier in the United States. Brian Krzanich, CEO of Intel Corporation, said the sale “enables Intel to further align our focus and resources around advancing our broad computing product portfolio in segments ranging from the Internet-of-Things to data centers.”

Verizon To Buy Intel’s Fledgling Tv Operations

It also expects the purchase to help bring cross-screen watching to LTE devices. “The new milestone was reached in preparation for [Verizon’s] upcoming 5G Ultra Wideband expansion using itsnewly-acquired C-band spectrum,” the partners announced inthis press release. Verizon could potentially combine these assets to extend television and video services beyond the footprint of its own fibre network, but that would mean relying on direct competitors to deliver its services, which seems problematic. To enable the scale of vRAN, Intel has partnered with the community to drive standards and foster a robust global ecosystem.

  • It has been sliding, but it has been a slow slide downwards, not as rapid as we had seen.
  • There are few shortcuts that would let Intel Corp. catch up to rivals in chip manufacturing, and Taiwan Semiconductor Manufacturing Co.
  • Brian Krzanich, CEO of Intel Corporation, said the sale “enables Intel to further align our focus and resources around advancing our broad computing product portfolio in segments ranging from the Internet-of-Things to data centers.”
  • April 29th, 2022, options expiration has us taking shares of Verizon, and our trade with Intel expiring worthless.
  • Terms of the Verizon transaction were not disclosed but the final figure is likely to be a fraction of that, reportedly less than $200 million.

Verizon said Tuesday it was buying Intel Media, a unit of the chipmaking giant for delivering movies and more to televisions via the Internet cloud, for an undisclosed price. Intel’s original plan had been to build and operate OnCue itself, taking on the existing stalwarts in cable television with its own, more flexible packages of channels and on-demand content. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest. I have no business relationship with any company whose stock is mentioned in this article. I/we have a beneficial long position in the shares of VZ, INTC, F, SBUX either through stock ownership, options, or other derivatives. In this case, the stock had risen a bit after we initiated our trade, and we provided enough of a buffer for the expected downside resulting in this trade expiring worthless.

Other News

“This transaction unlocks value for our shareholders while allowing us to maintain our global presence through our strategic relationship with the New LATAM Company,” noted Lumen President and CEO Jeff Storey. The deal includes intellectual property rights and other assets for Intel’s OnCue Cloud TV platform. Verizon will also offer to keep the 350-person Intel unit, which will continue to be based in Santa Clara, California. The Verizon FiOS TV service is unusual in that it is delivered over a fibre-optic network in a similar way to traditional cable television services. Verizon was initially sceptical about IPTV and instead adopted a more conventional architecture that has more in common with conventional cable television. So all the available channels are transmitted over a passive optical network, modulated on a single wavelength in the infrared spectrum.

When Brian Krzanich stepped up as chief executive of Intel in May 2013, replacing Paul Otellini, he was cautious about the prospects for the company in launching a television service. Cash Builder Opportunities provides high-quality and reliable dividend growth ideas to build growing income for investors. A special focus on investments that are leaders within their industry to provide stability and long-term wealth creation. Along with this, the service provides ideas for writing options to build investor’s income even further. Check out Cash Builder Opportunities where we provide ideas about high-quality and reliable dividend growth ideas.

Doubts about Intel’s commitment to the venture emerged in June after newly appointed Chief Executive Brian Krzanich warned he was taking a cautious approach to television, which is far from the company’s core business of chip manufacturing. Earlier this year, Intel decided to launch an Internet TV service with live and on-demand content in a bid to find an alternative revenue stream as its core business of providing chips to computer makers erodes. It hired hundreds of workers and opened offices in Los Angeles and New York to work on the project. At the very least, Verizon has seen off a potential new entrant in the television market and prevented competitors from using the technology. Beyond that, Verizon could conceivably offer a national video service over its mobile network.

intel verizon

Verizon expects to integrate IP-based TV services with FiOS video and enable search and discovery, interactivity and cross-screen use across the Verizon 4G wireless network. That annualized out to a whopping 39% potential return if we could make this trade every 10 days. At the time, the stock could decline 7.92% before breaching the strike price we had selected.

Verizon has acquired the assets of the Intel OnCue Cloud TV platform and is offering to employ most of the 350 staff of the Intel Media division. https://xcritical.com/ Intel tried and failed to bring its online television platform to market. Verizon now intends to use the technology to extend its own services.

Marvels Avengers Could Include Skins Exclusive To Intel And Verizon Customers

Verizon emphasises that it is not going to build out its fibre network any further for the moment. The focus is on its LTE mobile network, which boasts broader coverage than its competitors across the United States. Intel began looking to sell the business, initially asking for a billion dollars, which dropped to half a billion. Terms of the Verizon transaction were not disclosed but the final figure is likely to be a fraction of that, reportedly less than $200 million. In any case, it is not a huge investment for Verizon, which reported revenues of $120 billion for 2013. The Intel Media team had been working on its television project since late 2011.

Verizon said the transaction will accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered “over the top” to any device. Intel’s plans were intel verizon largely scuppered by difficulty obtaining the content partnerships necessary for a set-top box. It’s hoped that Verizon, which already offers more traditional TV services, will be able to make internet TV work.

He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser , i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. His specific focus is on closed-end funds, dividend growth stocks and option writing as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long-term financial goals. Lumen Technologies has sold its Latin American business for $2.7 billion to private equity firm Stonepeak, which will become an independent operating company called New LATAM Company within the investment group’s portfolio. The current Latin American leadership team and organization will remain in place, led by Hector Alonso, Lumen’s president for the region, and Lumen will maintain a relationship with the operation to serve joint customers in the region.

The telecoms company will purchase assets of Intel Media, a division set up to develop “over the top” TV services. Details of the transaction have not been disclosed, but Intel was previously rumored to be seeking $500 million. The US telecom giant said the acquisition “will accelerate the availability of next-generation video services,” delivered to devices including mobile phones and tablets. Nick is an avid student of the markets and has been investing in his own accounts for over 10 years.

Several leading global operators are conducting vRAN market trials based on Intel® technology, with commercial deployments starting to commence. “The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it,” said Lowell McAdam, chairman and chief executive of Verizon. However, Intel has little experience with consumer products and even less dealing with media companies.

Starbucks as we were assigned at $101, that stock continues to slide deeper and deeper into correction territory. Then there is also Ford which had their own earnings news that saw the stock drop, then make up most of that lost ground only to be thwarted lower by the market again. I continue to monitor these positions for further put writing opportunities as I still believe they are worth holding long-term.

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