Intel (INTC) Options See September Underwriting - Susquehanna

Susquehanna options strategist Alison Edwards highlights that Intel (NASDAQ: INTC) is seeing September underwriting.

"An opening investor in Intel sold 12k Sep 35 (.38d) puts at $1.88," Edwards said. "This investor risks being assigned to buy 1.2 mln shares in the event of a 4% decline through mid-September. Recall that the company has some exposure to the outcome of the semiconductor bill that Congress has aimed to pass prior to the August recess beginning on 8/8."

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