Author argues INTC's run-up has topped out and owns 9dte puts with a $45 exit.
Unpriced research observations (excluded from Calls and Returns):
INTC — SHORT Author believes Intel's rally into earnings hype has topped out and that Q4 fundamentals will remain weak, with an expected widening YoY loss and lower revenue. The position is put options on INTC, providing bearish exposure to the underlying stock rather than a neutral options-income strategy. Author bought puts around $54.15 with an exit target of $45. ambiguous_option_contract
I bought these puts around $54.15 with an exit of $45.