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Moderately bullish activity in Intel with shares down 1.28%

Moderately bullish activity in Intel (INTC), with shares down 38c near $29.20. Options volume running well above average with 578k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 2.4 points near 55.12,and above the 52wk median, suggesting an expected daily move of $1.01. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Benchmark.

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