When a big shop recommends buying a Bear Put Spread, it will put negative pressure on the stock.
They will be buying the high strike put options near $22 strike and selling the lower strike put options near $19 strike for some DEBIT price. When the INTC stock price goes up, the price of the put spread DEBIT goes down and the option market maker starts executing the orders.
He will be trying to place as many of the put options as possible but those that he holds will have to be hedged. How will he neutralize the possibility/likelihood that he will get $22 shares back? He will be shorting a percentage of shares to lower his risk and lock profits. There is a good chance that Intel will not likely trade above $22 until after next Tuesday earnings.
It will take some effort and good news to change the negative senitment that weigh it down.
Watch option volumes for next Friday 10/20 for earnings plays and Nov expiration for dividend hedging.