BREAKING: This person made millions.
Someone bought $13K of Intel $INTC puts yesterday afternoon, hours before earnings. They’re now worth about $1.8 million.
The $68 puts expiring today were 25% out of the money and cost $0.03 each. About 4,400 contracts traded, 90% at the ask. After Intel’s earnings, the puts hit $4.05, roughly a 135x gain (+13,400%).
The Unusual Whales bot tagged the plays, too.