Bullish flow in Intel with shares up 1.37%

Bullish flow in Intel (INTC), with shares up 90c, or 1.37%, near $66.60. Options volume relatively light with 126k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.75. Implied volatility (IV30) is higher by 1.7 points near 73.89, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.10. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at HSBC.Looking ahead: Intel (INTC) will report earnings after the close on 2026-04-23.Option markets are pricing in a 50% probability of a move greater than 10.6% or $7.06.