Mohacsy's Safe Portfolio Member Forum

[cgavin5]

Mike Khouw Sees Unusual Options Activity In Intel
11:16 am ET July 23, 2020 (Benzinga) Print
On CNBC's "Options Action," Mike Khouw said he saw calls outpacing puts by about 2 to 1 in Intel Corporation (NASDAQ: INTC) on Wednesday. The volume was above average as the earnings results have attracted the attention of options traders.
The options market is implying a move of 5% in either direction by the end of the week and the stock usually moves 5.5% on average for the event.
Khouw saw the most opening activity in the July 24, $61 calls. Around 2,600 contracts were traded and traders paid around $1.5 for them. The trade breaks even at $62.50 or 2.38% higher from the closing price on Wednesday.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

What ! No Attaboys ? !