Bullish flow in Intel with shares up 6.42%

Bullish flow in Intel (INTC), with shares up $2.00, or 6.42%, near $33.23. Options volume nearly triple the daily average with 1.23m contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 5.5 points near 66.95, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.40. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Benchmark.