It's been a while since our last Intel Post - at the time we identified extreme Put activity. We expressed our views about the lack of communication around the ARC launch and how management was interested in a stock drop in order to max LTIP plans.
You can read our previous post here to find out more about our Intel view:
Firstly, let me mention another Put option that we identified slightly after publishing the last article:
It is worth mentioning that this contract expires in 16 days, just before the earnings Call set for the end of July. This is the first call in several quarters where we believe management no longer has an interest in sandbagging the guidance.
Additionally, we finally started to pinpoint interesting Call Buy-to-Open Activity in INTC while we continue to see overall bearish put activity in AMD, NVDA and TSM.