With 111k call contracts open and 36k contracts trading today, if all 36k closed contracts (low likelihood), that left 75k call contracts open and that would equal 7.5mil shares of stock.
Notice any largish trades that totaled about 7.5mil shares? 8-)
Like at opening?
Probably just a coincidence.
It is very hard to construct the process without knowing who was the option holder, who was the writer and what the goals of the "OPENER" was ....acquire the stock, sell the stock, supplement the dividend by selling calls, .....
I was surprised that INTC stayed above $25 with 111k call contracts open. The option market maker would be selling shares when he determined that Intel was going to close above the strike. He sold/shorted above $25 because he was getting $25 shares back this weekend.
The overreaction is confirmation that you were wrong and it is not him. 8-)
The "blog suitable outrage" is the giveaway.
That would be nice.
Do you know why Intel stock price did not respond during the last 5 minutes of the trading day or after hours when the information became public? Hmmmm. No extra last minute volume in options .....nothing.
What are your thoughts? I think you are wrong.
Calxeda, Chipmaker That Sought to Bring ARM Chips to Servers, Has Shut Down
December 19, 2013 at 12:55 pm PT
All are good inputs. I likie.
I sell ITM puts as a share replacement and general purchase strategy. Selling puts can reduce your call buying costs too. If you really want the shares, you could sell the put at the same strike and only get the shares from the CALL or the PUT but not both.
WIth Intel trading at $25.14 ....
google ... "Synthetic Long Stock"
MARCH example just AFTER the early Feb ex-dividend, the
MARCH $25 call options are $1.01/$1.04 and the
MARCH $25 put options $1.05/$1.07.
You could buy the MARCH $25 CALL option for free if you were willing to accept the downside risk of selling the PUT. In MARCH, you could decide to take the shares or roll the SHORT PUT out a few month.
Notice that the put is cheaper before ex-dividend .....
JAN example just BEFORE the early Feb ex-dividend, the
JAN $25 call options are $0.71/$0.72, and the
JAN $25 put options $0.55/$0.57.
One interesting possiblity is for Intel to use the eDRAM victim cache on the H versions of Haswell as a server victim cache for these large core-count devices.
"Four versions of the integrated GPU: GT1, GT2, GT3 and GT3e, where GT3 version has 40 execution units (EUs). Haswell's predecessor, Ivy Bridge, has a maximum of 16 EUs. GT3e version with 40 EUs and on-package 128 MB of embedded DRAM (eDRAM), called Crystal Well, is available only in mobile H-SKUs and desktop (BGA-only) R-SKUs. Effectively, this eDRAM is a Level 4 cache — shared dynamically between the on-die GPU and CPU, and serving as a victim cache to the CPU's L3 cache"
.... and ...
A victim cache is a cache used to hold blocks evicted from a CPU cache upon replacement. The victim cache lies between the main cache and its refill path, and only holds blocks that were evicted from the main cache. The victim cache is usually fully associative, and is intended to reduce the number of conflict misses. Many commonly used programs do not require an associative mapping for all the accesses. In fact, only a small fraction of the memory accesses of the program require high associativity. The victim cache exploits this property by providing high associativity to only these accesses. It
I am not sure how much influence max pain has. It might have some influence but I am not sure how.
Max pain concept is based on LONG OPTION INVESTORS losing their money .... ie .... MAX PAIN points to the price where the collective prices of the options will be there lowest and those long investors will lose the most value.
I WRITE OPTIONS so max pain for me (and all option writers) is "MAX PLEASURE".
For people who write covered calls, max pain is "MAX PLEASURE" for them too.
Max pain value also changes as the option open interest changes. If someone who is short 10,000 contracts rolls them out a couple months or closes them, the max pain price for that month changes.
There is still much I don't understand or have access to the data to see deeper. I know their are some games that some play with dividend arbitraging and it does affect the share price. The problem is that it is hard to know their current position, where they are pressuring and what their target is.
The key event horizon is the instant when a stock goes ex-dividend. Just before that instant, you have:
stock with dividend
call option where holder can exercise early to get shares and dividend AND might exercise early
put option where holder can exercise early but won't because stock should drop and put will increase in value.
after the ex-dividend event horizon, you have:
stock without the dividend
call option now priced based on stock without dividend (less valuable)
put option now priced based on stock without dividend (more valuable)
The event is the option to exercise the zero premium early and grab the dividend.
Much trading before those ex-dividend dates is affected by crossing those 22.5 cent event boundaries BOTH ABOVE and BELOW the strike values.
Could be but I think there will be a lot of people expecting a bounce off $25 several times before it breaks orbit.
If you watch, it appears that someone is selling Friday $25 call options for 22 cents and buying for 21. 13k Friday options have already traded. When you sell the $25 Friday call for 22 cents, their currently is a 7 cent premium and that targets a price of $25.15.
"How many years has Intel been trying to be relevant in the ultra mobile market?"
Lots. What does that have to do with servers? "Ultra mobile" is not exactly what EX and EP servers are targeted.
"I think they will have more success with their longtime unethical, and illegal sales schemes that has made them who they are today"
You can tell when an argument is running out of steam. They begin to play the old "monopoly" and "illegal sales scheme" cards. If Intel uses illegal schemes, the company and responsible employees should be prosecuted and convicted. That is true for EVERY COMPANY. Even the ones that you like.
Very interesting. Did he say why? I read some of his stuff but I did not see anything that I thought would warrant expulsion.
e) which Yahoo ID does he use to post on this board.
Alex Cho did raise some interesting points with the Google acquisition. The Google acquisition was more powerful support to the "server rumor" than the silly job opening confirmation. That was good.
Intel supporter or detractor is not a binary state. It is a spectrum.
You have the insulting extremes on this board and elsewhere.
I think Cho is more negative than Asraf is positive about Intel.
June? There are no June options in Intel yet.
If you wrote $25 put options, do not sweat them. When the premium gets low, close them out at a profit or roll them out. There will be $25 strikes as far as the eye can see ..... making the rollout easy. 10 to 20 cents per month.
There is an increasing number of leap option trades at the $30 and above. The ones that I have been looking for were the deep in the money put options. 150 put contracts traded at $12.25 which is between the $12.15/$12.50 bid/ask price.
$35 - $12.25 = $22.75 or a premium of $2.
A 15,000 share $183k bet on the up side .... Or a short cover .....