Options Spy | Intel shares are under short-term pressure and are expected to find a bottom of 39

The Fed's preferred measure of core inflation has slowed below 3 percent, and corporate earnings have been mixed. Intel shares plunged nearly 12 percent after the company's first-quarter outlook fell well short of Wall Street expectations, undermining AI-driven hopes to some extent and weighing on tech stocks, putting AMD and Nvidia under pressure.

The solid growth in the U.S. economy comes amid continued signs of slowing inflation. The December personal consumption expenditure (PCE) report showed that the annual inflation rate fell below 3%, the first time in nearly three years that it was below economists' expectations, and the growth rate was the lowest since March 2021.

This follows U.S. gross domestic product (GDP) growth of 3.3 percent in the fourth quarter of last year, and the soft landing expected by the market appears to be falling fast. The Federal Open Market Committee (FOMC) meets on Jan. 30-31 and is expected to keep interest rates unchanged for the fourth consecutive time.

Intel's fourth-quarter revenue and adjusted earnings per share both beat Wall Street analyst expectations, but the company's outlook for fiscal 2024 first quarter revenue and adjusted earnings per share missed expectations, sending its shares sharply lower by more than 11%. On Friday, the agency felt that Intel's stock price was under pressure in the near term, so it sold a CALL option at $INTC 20240202 44.5 CALL$ and selected a support at $39 to sell a PUT option at $INTC 20240315 39.0 PUT$

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FANNG option active

$Tesla Motors(TSLA)$ Sell PUT Option $TSLA 20241115 150.0 PUT$

Option buyer open position (Single leg)

Buy TOP T/O:

$SNAP 20260116 15.0 PUT$ $AMZN 20240202 180.0 PUT$

Buy TOP Vol:

$IQ 20260116 1.5 PUT$ $CCJ 20240202 49.0 CALL$

Option seller open position (Single leg)

Sell TOP T/O:

$COIN 20240202 131.0 CALL$ $AMD 20260116 150.0 PUT$

Sell TOP Vol:

$REI 20240315 1.5 CALL$ $JBLU 20240202 6.5 CALL$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.