Moderately bullish activity in Intel (INTC), with shares down 24c near $21.25. Options volume roughly in line with average with 336k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 1.4 points near 46.28,and below the 52wk median, suggesting an expected daily move of $0.62. Put-call skew flattened, suggesting a modestly bullish tone.
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