Cj Ramos @cjramosvi - Twitter Profile

18 days ago

We heard $INTC is the next SNDK. Good news for bulls: there's a whale that agrees. Someone has been building a monster $INTC long since January, and a month ago they upped the bet — $242M in a single order. The stock topped two weeks later and gave back 22%. The whale didn't blink. And they're not alone: fresh open interest data shows every big bull in this name just re-upped for earnings. Quick backstory. Since at least January, a buyer has been accumulating long-dated calls. Dec $60 and $80 calls. Jan '27 $70 calls. Same trade every time: big size, one clean block cross, bought with the stock in the $40's — strikes that are now 30 to 50 points in the money. Serious leveraged conviction. Then on June 12, 2:29pm, with INTC at $125, they added 63,500 September $97.5 calls in ONE print. $242M bet. No shares attached. Roughly $630M of exposure. Prior open interest on that strike: 154 contracts. After they buy, INTC runs to $142... and bleeds all the way back to $110. Down 22% from the top. They didn't sell a single contract — 70,845 still standing. In fact they added 6,600 MORE at $134 on June 18th. Another single cross, another $28.5M And they're not alone. All through the pullback, a second desk kept buying upside — you can spot them because every print is the same ~13,000-lot size. Jul 2, stock dips to $120: 12,778 July $155 calls in one block. Jul 7-8, stock at $110: 13,300 July $130 calls. Friday, they confirmed their conviction: swapped those July $130's into September $155's — both sides in the same millisecond — and kept the July $155's from the first dip. About $13M riding now, all of it on $155 calls, all of it alive for earnings. The stock is at $110. They're paying for a 40% move. Thursday, someone else opened 5,800 Aug 7 $127/$132 vertical call spreads, and OI confirms it's still standing. Defined-risk money that needs INTC above $132 after earnings. That's +20% from here. And Friday morning a third player, on the floor this time, sold 20,825 August $65 puts near the bid. $1.9M collected on a bet that INTC does not fall apart. September $95 put OI is up ~20x since late May and there's steady call overwriting in the Jan '27s. The big longs are collared, not naked. But you collar positions you intend to KEEP. Someone carried a $630M synthetic long through a 22% drawdown and bought every single dip along the way. Earnings in eight trading days. We're about to find out what they know and whether $INTC will in fact cement itself as "the next $SNDK"