Moderately bullish activity in Intel (INTC), with shares down $2.03 near $106.74. Options volume relatively light with 606k contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.9. Implied volatility (IV30) is higher by 1.9 points near 80.98, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.44. Put-call skew flattened, suggesting a modestly bullish tone.
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