Hey guys,
I think we have a unique opportunity for Intel calls ahead of AMD earnings. Last week, Intel absolutely crushed earnings and the stock spiked. AMD even went up 10% solely because of Intel earnings indicating broader AI market demand.
We now have AMD earnings coming out next Tuesday, 5/5. If AMD crushes earnings (which I'd expect), Intel should also get some gains from the market implications. However, if AMD post poor earnings while Intel crushes (already happened), Wall Street could see this as an indication that Intel will take significant market share from AMD, which would also boost Intel share price. This feels largely a win-win opportunity. The downside comes if AMD goes flat, so if you don't want that downside, simply purchase INTC shares instead of calls.
Side note: I would not hold INTC stock for longer than a few weeks personally. I highly prefer AMD to Intel as a long-term hold, but I like Intel as a short-term play due to the reasons above.
Positions (INTC $100 5/08 Calls)
https://preview.redd.it/zllnhzht9kyg1.png?width=1366&format=png&auto=webp&s=9b21df9c26296186c42ced5079553adab5dd7b2b