Author expects Intel to decline after earnings and suggests puts.
Unpriced research observations (excluded from Calls and Returns):
INTC — SHORT The author argues that Intel has been pumping since the start of the week and is therefore likely to tank after hours following its earnings report. The trade uses put options to express this bearish view on the underlying Intel shares, so returns would track the underlying stock's decline. ambiguous_option_contract
It Keeps pumping since the week started it should tanked after hours.