Option traders moderately bearish in Intel (INTC), with shares down 21c near $36.16. Options volume relatively light with 58k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 2.0 points near 47.91,and below the 52wk median, suggesting an expected daily move of $1.09. Put-call skew steepened, indicating increased demand for downside protection.
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