INTC Put Spread

Intel (INTC) is trading at 20.61, Oct 22 puts are trading at unusual high premium 1.78/1.81

I’m going to sell some Oct 22 puts and pickup some Oct 17 puts to take advantage of that high premium. Oct 17 put is asking 0.11 so i can pocket 1.67 (1.78-0.11) per share. I think INTC is going back to 21.5/22 in the next few trading sections.

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