Moderately bullish activity in Intel with shares up 1.46%

Moderately bullish activity in Intel (INTC), with shares up 52c, or 1.46%, near $36.15. Options volume relatively light with 87k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.43. Implied volatility (IV30) dropped 1.11 near 72.07, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.64. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at BofA.Looking ahead: Intel (INTC) will report earnings after the close on 2025-10-23.Option markets are pricing in a 50% probability of a move greater than 10.42% or $3.77.