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$7 million was turned from $600k by stock trader within less than 24 hours 😮

$7 million was turned from $600k by stock trader within less than 24 hours 😮

Intel’s Q2 Earnings Trigger Bearish Trading on INTC Stock

When Intel revealed its second-quarter earnings after market closure, options traders anticipated a disappointing report. Their predictions were accurate, as Intel’s stock price plummeted, resulting in substantial profits for some traders. One trader even earned millions by strategically purchasing put options set to expire on the same day, benefiting from Intel’s decline.

Bearish Sentiment Triggers Profitable Trades on INTC Stock

This trader’s success was not an isolated incident. Many investors holding bearish positions on Intel also took advantage of the situation to either close or continue their positions. The overall market sentiment on August 1 was negative, influenced by various factors such as weak earnings, Intel’s workforce reduction plans, and lower salary offers compared to competitors in the AI sector.

Intel Stock Plummets Post Earnings Announcement

Following a disappointing earnings report, INTC stock lost 32.15%, erasing most of its previous month’s losses. More recent trading sessions showed a 2.28% decline in the past five days, with the latest trading session ending at $19.71 after a 3.81% drop.

The negative news surrounding Intel, including cost reductions and diminished returns forecasts, led to further decreases in the stock price. Wall Street analysts downgraded their price targets, providing bearish traders with opportunities to maximize their profits.

Hot Take: Seizing Opportunities in Intel Stock

As an active trader in the cryptocurrency market, it’s crucial to stay informed about the latest developments in tech stocks like Intel. By analyzing market trends and news, you can identify potential opportunities for profitable trades. Keep a close eye on earnings reports and investor sentiment to make informed decisions and optimize your trading strategy.

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$7 million was turned from $600k by stock trader within less than 24 hours 😮