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.
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