Right now, there are a lot of players on the long INTC, short AMD side. I generally prefer to be on the opposite side of trades like that heading into options expirations week.
The candle left today was very bearish but the volume looks to be about three times average which is a caution sign when shorting. I assume that this is similar when buying puts.
I prefer to stay out of both INTC and AMD until after earnings and most of OEX.
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