$Intel(INTC)$ Intel's behavior over the last few hours was admirable. If interest rates and Treasury yields weren't being manipulated again, we would have risen 5% today.
$Micron Technology(MU)$ There's a reason 80% of shares are institutionally owned. Forward PE of 6. All this crazy price action looks like an effort to shake retail out so the big players can profit on the turnaround. The company has all of 2026 memory committed to customers. Earnings should be fantastic, and 2027 looks even better. They have both long and short term contracts in place with customers to leverage their supply buildout. Management knows what it was like to be underwater in the past and the CEO won't let that happen again. I'm holding my shares and think Micron could double from current levels.
$Intel(INTC)$ INTC options flow was pretty mixed today. The biggest open interest moves showed traders selling the Aug. 31, 2026 $90 calls at the bid, and the Sep. 11, 2026 $83 puts were also sold at the bid with around 97% tied to spreads. On the call side, the Aug. 31, 2026 $92 calls saw buyers stepping in at the ask. Notably, the Aug. 31, 2026 max pain level held at $90. Spot was near $89.40, down just 0.08% on the day. Looking at total GEX, it printed +28K on a strike-sum basis, but spot remained below the flip. The flip level was $104.47 based on today's flow and $90.45 based on open interest, with the heaviest strikes clustered between $85 and $100. On the options side, bearish premium led slightly at $52