Intel Corporation (INTC) $24.80 -2.32%
Heavy trading in Intel (INTC) today is being driven by spread trading. One investor sold 24,800 July 26 – 28 put spreads on the chipmaker this morning at an average of $1.875 on AMEX. Later, 36,000 Oct 19 – 24 put spreads were bought to open on Intel for 90 cents on ISE. Taken together, looks like rolling of a bearish trade or hedge, out 3 months and down in strikes. Earnings due out 7/17.
Category: All Stocks, Large Cap Stocks, Semiconductors
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
