I just started tracking INTC as a long candidate ... I think we are near the bottom, but not yet there. After next earnings report (1/17) I'll look at going in. The new MS Surface powered by Intel that will be released later this month should be a positive catalyst. Sure, INTC may never get a strong foothold in the phone space, but they probably can dominate the tablet space.
I also had some stuff on Jan options that disappeared.
It looks like the Jan $21 puts 20k contracts and Jan $21 calls 5k and $22.50 calls 10k contracts are being purchased by someone for protection. They are buying the puts and selling the calls to pay for the put transactions.
That pressures the option market maker to short shares to keep his position neutral. A symptom of this is a narrow trading range.