Intel (INTC) loses 23 cents to $26.51 and is one of 22 Dow stocks trading lower Monday. An interesting options trade on the chipamker today is a Jul 25 – 27 bullish risk-reversal, bought for 11 cents, 26254X on ISE. Data from the exchange is indicating a customer sold puts to buy calls and open a new position, 33747X in midday trading. INTC is down today, but has performed well lately — up 35.8 percent in the past five months. Today’s bullish combo trader appears to be looking for additional gains in the months ahead.
About the Author (Author Profile)
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.