How to Trade Intel

The video discusses the spike in the VIX due to trade talks and market instability. It analyzes the VIX futures curve, highlighting backwardation and contango, and their implications for market volatility. The video also explores a trade strategy involving Intel, focusing on the use of a strangle to capitalize on underpriced volatility.

Explain the concept of backwardation and contango as discussed in the text.

What strategy was suggested for trading Intel, and why was it considered attractive?