The Story: Bidness ETC reports that Barron's analyst Jack Hough thinks that Intel (NASDAQ:INTC) has 30% upside potential from its current price. His opinion is based on the fact that INTC is still 7% cheaper than the S&P 500 index, when comparing forward earnings estimates, and the potential reinforcing effect of cascading analyst upgrades.
How to play it: If you agree with the analyst's assessment and can see Intel trading at $45-$50 by April of 2015, then you may find this Bull Call Spread +44/-48 too enticing to pass up.
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.