Brian Stutland's Hewlett-Packard Company (HPQ) Trade

Brian Stutland said on CNBC's Fast Money that he has an option strategy that would help him to protect his position in Hewlett-Packard Company HPQ. He said that there are two important dates for Hewlett-Packard Company (HPQ). On September 28th, an analyst meeting will be held, and on October 13th Intel INTC will report earnings. Brian Stutland explained that Hewlett-Packard Company (HPQ) moves over 2% on Intel's (INTC) earnings. In order to protect his position, Brian Stutland wants to buy the October 39 put for $0.50. The break even for this trade is $38.50. Hewlett-Packard Company (HPQ) gained 1.52% in the regular trading session, and it closed at $40.15. In the after hours it gained additional 0.60%.