Looks like a player either closed a bull put spread or opened a July 20/16 bear put spread. Bought the 20s and sold the 16s for a net debit of $1.39 and possible profit of $2.61 (if INTC falls below 16 between now and July ex.)
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.