Intel options volume approaching 200K ahead of earnings (TheFlyOnTheWall)
FLY ON THE WALL 3:51 PM ET 4/27/2017
Symbol Last Price Change
INTC 37.43 +0.5 (+1.35%)
QUOTES AS OF 04:00:04 PM ET 04/27/2017
Intel (INTC) options volume approaching 200K ahead of earnings. The stock up 23c to $37.16 on robust volume of 27M shares. The largest option trade is 10K Apr 28th 36.5 puts for 30c when bid-ask was 29 to 31c and possibly closing. 13.9K trade total. 13.7K Apr 28th 37 calls also changed hands. May 35 calls are third most active with more than 10K on the tape. Total volume is 101K calls and 84K puts, which is 3X normal for Intel(INTC), but the stock is not necessarily known for large earnings moves. The biggest in recent memory is a 9.1% dive in mid-Jan last year. Average daily post-earnings move of the past two years is 3.6% and, similarly, an Apr 28th at-the-money straddle trades at 3.5% of spot ahead of the results, due after the closing bell today.
