--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40191213.md" description: "$Intel(INTC.US)The following content is merely speculation and guesswork, for reference only:An absolutely brutal lesson: the options market has never been a fair game of information.1. Four consecutive days of intraday declines before the earnings report gave everyone the illusion that they could "sell the news" early and simply buy puts. After all, due to low trading volume, the gains in night/ pre/ after-market sessions seemed almost negligible. I initially thought this was basically a play to hold onto puts while continuing to lure shorts until earnings day. Now it seems it might just have been institutions buying puts for downside protection. The long positions haven't stopped.2. Looking at the options chain structure from 04/22, 04/24 has already been priced as a binary event. It's basically a choice between up or down. On Friday, all the 0-day puts for 04/24 were wiped out, while some longer-term short positions were closed first. The price will stabilize even further at a high level. Only when long positions gradually close will it potentially be the time to short.3. 4/23 was slightly down until the close. The price surge started one minute after the market closed. According to option flow data, there were large volumes of buy calls and sell puts in the final 15 minutes of trading just before the close. And the trades were multi-sweep, not regular trades.4. The after-hours order book was very thin, 890k shares eaten up in one minute. Only 100M was needed to push through the levels to a high, just waiting for the 0-day options to surge for profit after the open. This kind of market manipulation is very common, usually only seen with high confidence in the earnings results. But it's not necessarily due to an earnings leak.5. If the intraday price is at 80+, it might enter the market maker's negative gamma zone. The stock price could be further boosted upward during the session.The stock price has already surged to a historical high, don't rush to short. Think carefully:1. Are the longs more eager to take profits now? Or are the shorts more afraid of stopping losses and covering?2. In the short term, can the mainstream AI narrative (CPU:GPU 1:1) support a turn to the short side?3. The timing window and liquidity for shorting are both very important. Often, your capital may not be as abundant as your patience. Are you willing to wait for the longs to take profits and close their positions?" datetime: "2026-04-24T16:21:43.000Z" locales: - [en](https://longbridge.com/en/topics/40191213.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40191213.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40191213.md) author: "[绿恐龙](https://longbridge.com/en/profiles/13069994.md)" --- # $Intel(INTC.US)The following content is merely spe… ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md)