INTC sold off for all the wrong reasons. Irrational fear. MCHP reported and is UP over 3.5% in the after hours. MU had a big quarter and OVER 80% of their chips are sold prior to being produced. INTC pays a nice divi and will be putting an increasing number of chips into cars soon. Plus, INTC received recent upgrades. No reason to worry.
The market makers just pocketed all that call premium, and they want more. Don't touch this POS until it dips into the 30.50s or even the 29.50s to be safe. MU lost $2 this week, will probably lose another $2 next week.