Last Thursday, I did a post called Exceptional Intelligence in which I suggested shorting Intel (first red arrow below) and I followed up with a premium post called Intel Outside in which I went into more depth on this idea (second arrow). Well, things are moving nicely so far!
The above chart is minute-bar based, but the daily chart below tells the story better. I think Intel utterly missed the boat on AI, and the bounce lately was nothing more than a “hey, it’s cheaper than NVDA” rationale. Yet the company is still a dog. I am retaining my March $30 puts, which are up 11.8% presently.
