Bullish flow in Intel with shares up 1.88%

Bullish flow in Intel (INTC), with shares up 63c, or 1.88%, near $34.18. Options volume roughly in line with average with 416k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 0.7 points near 67.54, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.45. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at Seaport Research.