By Mike Yamamoto, managing editor of OptionMonsterNEW YORK -- A large trader is looking for Intel ( INTC) to rebound as it tries to hold onto a key technical level. The chipmaker fell 0.52% to $21.92 on Friday, the second consecutive close below its 200-day moving average. Intel gapped down from above $24 on July 18 after missing second-quarter estimates on weak PC sales, and shares have continued to trend lower since. OptionMonster's tracking systems detected the purchase of 13,000 September 25 calls for 3 cents and the sale of 13,000 September 19 puts for 2 cents on Friday. So the trader is paying a penny to ride a rally through the long calls, but the short puts mean that he or she would be on the hook to buy shares around $19 if they fall below that level by expiration in mid-September. Total option volume in Intel was nearly 5 times its daily average for the last month. Overall calls outnumber puts by 5.5 to 1. Yamamoto has no positions in INTC.