On CNBC’s “The Final Call,” Brian Stutland of Equity Armor Investments suggested focusing on large-cap value stocks. The right thing to do is to sell a call to the upside “if you want to take in some extra premium,” he added.
Check out other stocks making moves in the premarket.
Stutland recommended traders to look for stocks with technical indicators, suggesting 52-week highs and breakout levels, or with more than 10% OTM (out of the money). Traders could look for stocks with an expiration of six months and indices with that of three months, he further stated. Stutland gave the example of Intel Corporation INTC.
INTC Price Action: Shares of Intel Corporation declined by 3.84% to close at $29.53 on Wednesday.
Photo courtesy of Intel.
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