Schaeffer's Top Stock Picks for '25

Management Shake-Up Has Intel Corporation (INTC) Skeptics On Edge

Intel Corporation (INTC) is bouncing on a number of leadership changes

Jul 2, 2015 at 2:47 PM
facebook X logo linkedin


Intel Corporation (NASDAQ:INTC) is 1.3% higher this afternoon at $30.58, amid a raft of changes to the company's senior leadership. Likely the most notable move is the departure of President Renee James, who will leave to pursue "an external CEO role."

Option bears can't be happy about the bounce. During the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have bought to open 1.37 puts for every call -- a ratio that checks in higher than 83% of readings taken in the last year. Echoing this, INTC's Schaeffer's put/call open interest ratio (SOIR) of 1.35 ranks in the put-skewed 94th annual percentile.

Digging deeper, a lofty accumulation of front-month put open interest resides at the underfoot July 30 strike, where more than 35,300 contracts are present. According to data from the ISE, CBOE, and PHLX, nearly 10,000 long positions have been opened here since early April. INTC could benefit from options-related support at this round-number strike, as the hedges related to these bets unwind ahead of expiration.

Short sellers may be forced to hit the exits, as well, should Intel Corporation (NASDAQ:INTC) extend its momentum. More than 128 million shares are currently sold short, representing about four days' worth of pent-up buying activity, at typical volumes.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?