Schwab Network on $INTC (Nov 2, 2026)

What worries me a little is Intel's stock and some other stocks that have declined sharply . She is still trying to find her bottom, but overall, definitely a positive start.

Regarding trying to find the bottom, I mean we're down 47% in the last month alone when you look at Intel's stock chart. The most traded stock in the S&P 500 today was trading at more than double the price of its closest competitor, Nvidia, which ranks second.

I admire Intel, and I prefer them in the long run. In my opinion, the longer the investment period, the better. I see this as an excellent situation for a covered call option selling strategy, or what is known as a "simple covered call option," but I will discuss a "slanted call option spread" strategy, i.e., selling a November expiry call option at $75 and buying a December expiry call option at $70.

This can be achieved for about two dollars. If you want to expand into this slanted spread, that's an excellent option too, but I really think there's a huge investment opportunity in Intel.

Yes, as I mentioned, there was indeed a sharp decline from its highs here in the late twenties prior to the earnings announcement. That was a significant decrease indeed. Then, a very sharp drop .

We opened at 69, which represents the highest level we saw prior to the earnings event in April. So, this is still our highest level so far. On the downside, you can start by looking at our green lines here.

For example, at the 53 level, a price gap appeared around the previous earnings event in January. We had another small gap up there, but it stands out as a potential support area.

The downward trend is still in place here. Our white line and the slightly sloping blue upward trend line were broken here at this point. Therefore, it appears that sellers currently control the market.

We have broken above the long-term moving average, the 251-day exponential moving average in orange, at the 8143 level. Therefore, this level remains a bullish watch point in case the market starts to recover.

The Relative Strength Index (RSI) is in the oversold zone now. The 30 level usually indicates further weakness in a bull market. Here's the explanation: Buyers will look to break above the 30 level again to boost the market.

Finally, the trading volume analysis shows that we are in the middle of a node here, with trading levels ranging between approximately 61 and 69, which is an area of relatively heavy trading activity .

Also note the sharp rise in trading volume during the large decline here. High trading volume during large movements indicates high confidence among traders. Most of the trading volume here, on the chart , is between approximately 36 and 50.

The control point is located at approximately 48.

As you know, there is great growth potential in the field of artificial intelligence. I think the huge increase we saw was exaggerated. I believe this sharp drop in prices represents an opportunity.

But when looking at the company's core business, there may be a slowdown. But I think the opportunity here, if you compare it to their situation before the big rise a year or 18 months ago, I think they are in a good position.

So, Intel is under pressure again today, as we see some investors returning to technology stocks, with the exception of Intel. Its stock fell by more than 4% today.