Moderately bullish activity in Intel (INTC), with shares up 14c, or 0.64%, near $21.21. Options volume relatively light with 241k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 0.8 points near 47.94,and below the 52wk median, suggesting an expected daily move of $0.64. Put-call skew steepened, indicating increased demand for downside protection.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- “25% Faster Generational Performance”: Intel Stock (NASDAQ:INTC) Ticks Down on Positive 18A News
- Nvidia Stock (NVDA) Melts as Rival Chip Maker Snowcap Raises $23M
- “Only Lean Teams Remaining”: Intel Stock (NASDAQ:INTC) Slips as Intel Outsources Marketing
- Moderately bullish activity in Intel with shares down 1.12%
- U.S. plans crackdown on allied chip plants in China, WSJ reports