Intel Stock Crashed 31%, Then $18 Million in Puts Hit the Tape

On one of the ugliest sessions in Intel's history, the stock cratered 31%, and within five minutes two put trades worth 18.5 million crossed the tape. Chris Vecchio resists the easy bearish read. The bigger one, a January 120 put deep in the money, is almost all intrinsic value with a break-even at the current price, so it's a hedge on a long, not a bet on more downside. The smaller September 50 put is the aggressive one, needing another 31% drop. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Intel down 31%, 18.5 million in puts 00:37 Why the timing invites a bearish read 00:59 The bigger trade, a January 120 put 01:23 Deep in the money, almost all intrinsic 01:35 The smaller, aggressive September 50 put 02:13 Rereading the deep in-the-money put 02:35 It may just be portfolio insurance 03:05 Analysts re-rating Intel all day 03:31 Two strikes, two very different bets 04:52 Signal or noise, hedge or more pain? #tastylive #signalvsnoise #intel #optionsflow #putbuying #hedging #semiconductors #selloff #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.