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Barchart
Barchart
Mark R. Hake, CFA

Intel Corp Shows Strong Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play

INTC Intel Corporation Barchart Yahoo Finance

Intel Corporation (INTC) exceeded analysts' expectations for Q2 revenue and earnings on July 23. In addition, after excluding a one-time payment, free cash flow (FCF) was positive. So, INTC looks cheap. One play is to short out-of-the-money puts.

INTC was down about 4.6% on Friday, July 24, at $92.32, after an initial after-hours jump. The stock is down over a third (-34.5%) from a peak of $140.94 on June 22.

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