Intel Corp (INTC)

[SemiconEng]

From News Quote Chart Link.......

You need to click on the link at the top of the forum page........

Street Chatter:
1. Intel is currently the most-active stock trading on the Nasdaq Composite today. Early this morning, the semiconductor name said the Internal Revenue Service began a review last month of INTC's 2001 and 2002 tax returns. In other news, INTC officials said 2003 earnings per share would be reduced by 14 cents (from 85 cents to 71 cents) if stock options were accounted for using the fair-value method. INTC shares have dropped over three percent lower today and are trading beneath the 29.50 level, which served as resistance for the stock in September but provided support during the past four-and-a-half months. Looking to the investor sentiment picture, Schaeffer's put/call open interest ratio (SOIR) for Intel stands at 0.62, with 62 open puts among near-term options series for every 100 open calls. This reading is lower than 73 percent of the past year's worth of ratio readings, indicating a fair amount of complacency from the options crowd. In today's options-trading action, more than 30,000 March 30 call contracts have crossed the tape. This newly front-month strike was already home to about 52,000 open positions. Complacency is also evidenced by the lack of interest from short sellers. Although the amount of shorted INTC shares rose 10 percent to 78.5 million last month, the resultant short-interest ratio stands at a paltry 1.65 times the equity's average daily volume.