Intel (INTC, news, chart, volatility) is seeing an upick in call volume. After hitting a high of $20.34 early, shares fell to a low of $18.61 midday. It has since battled back to $19.26 and unchanged on the day. There has been a an increase in interest in the October 20 calls during the past twenty minutes. Almost 25,000 contracts have now traded, with most of the recent action trading on the offer. No news on Intel today.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.