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Intel Corporation Message Board

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  • alexander.dumbass alexander.dumbass Aug 2, 2011 3:50 PM Flag

    OPTION Trades ($6mil bet)

    .... and then this just found on whats trading . com.

    Intel (INTC) loses 34 cents to $21.90 and is one of 29 Dow stocks under water today. Only Traveler's (TRV) is holding a modest gain within the industrial average. The top options trades in the chipmaker today are a Sep 21 - 22 strangle at $1.20, 44000X on ISE. The market was $1.19 to $1.22 at the time and ISE data indicate the position was crossed from B/D to B/D. The strangle was also tied to 660K shares at $22.02 and looks opening. A seller might have initiated the trade. If so, it's not necessarily a bullish or bearish play, but a bet that Intel shares will hold in a range between $21 and $22 through the September expiration, which is in 46 days.

 
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