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

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ticker lesson

Breakdown

0:04INTC· ticker

Intel — 31% drop, 18.5M put premium

  • Intel down 31% at $63.66
  • 18.5M put premium in 5 mins
  • Bearish interpretation invited
  • Two large put prints identified
2:06INTC· ticker

January 15th 2027 120 puts — $14.4M premium

  • 2,643 contracts at $54.55
  • Break even at $65.45
  • Intrinsic value $54.13
  • Time value $0.42
4:02INTC· ticker

September 17th 2027 50 puts — $4.1M premium

  • 8,000 contracts at $5.10
  • Break even at $44.90
  • Requires 31% decline
  • Cross with no confirmed side
4:03lesson

Deep in the money puts — defined risk

  • Buying 120 puts after collapse
  • Defined risk without further decline
  • Replacing stock exposure
  • Insurance for existing longs
4:04lesson

Wall Street targets — 120, 130, 140, 150

  • Targets coming down aggressively
  • January 120 put at current price
  • January 50 put at $45
  • Two distinct scenarios
4:05INTC· ticker

September 50 puts — 13,312 contracts

  • Volume 13,312 contracts
  • Open interest 3,737
  • Volume above open interest
  • Friday update to confirm
4:06lesson

Signal vs. noise — bearish or hedge?

  • 18.5M put premium on 30% drop
  • Sophisticated institutional buyers?
  • Shareholder hedging after panic
  • Bearish put without direction

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