Mixed options sentiment in Intel with shares up 3.28%

Mixed options sentiment in Intel (INTC), with shares up $2.14, or 3.28%, near $67.41. Options volume roughly in line with average with 496k contracts traded and puts leading calls for a put/call ratio of 1.08, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 1.8 points near 76.65, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.25. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at HSBC.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 10.62% or $7.16.