Moderately bullish activity in Intel with shares up 4.87%

Moderately bullish activity in Intel (INTC), with shares up $3.04, or 4.87%, near $65.42. Options volume running well above average with 464k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 1.8 points near 77.06, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.18. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Intel (INTC) will report earnings after the close on 2026-04-23.Option markets are pricing in a 50% probability of a move greater than 11.43% or $7.47.