INTC: Legacy Laggard or Coiled Spring? June 2026 $25 Calls in Pl

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INTC: Legacy Laggard or Coiled Spring? June 2026 $25 Calls in Play

INTC is a strange bird.

A legacy tech giant that’s been trading since before I was born in 1968, it's spent the last few years struggling to keep up in a fast-moving semiconductor world. But here’s what stands out:

📉 The Stock: Brutally sold off, now hovering just above multi-year support in the $19–$20 zone.

📈 The Setup:

Descending triangle structure with multiple support tests.

Tuesday’s bounce from $20.28 to $22.08 showed real strength on volume—then came the pullback.

The 200 EMA remains overhead, but this consolidation looks more like accumulation than distribution.

The Trade:
I’ve started building a position in June 2026 $25 calls at $2.70, betting that INTC doesn’t die quietly.

With a market cap of $89B in a space that now sees $1T+ valuations, it feels like Intel is priced for irrelevance. I don’t buy that narrative.

There’s evidence of institutional support near these levels, and any progress in:

Foundry business

AI silicon

Onshoring chip production
...could light a fire under this stock.

Targets:

Target 1: $26.89

Target 2: $30.15 (stretch)

I’m open to adding on weakness—especially if it dips near $19.11 with volume support.

Sometimes the market gives up on a name right before it turns around. INTC feels like it’s coiling for something bigger.

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