Q2 STOCKS TO BUY

Most Active Options Update: Intel Corp. (INTC)

Option traders expect short-term losses to continue for Intel Corporation

Digital Content Group
Nov 7, 2014 at 1:30 PM
facebook X logo linkedin


The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Names highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. One name of notable interest today is Intel Corporation (NASDAQ:INTC), where calls are crossing at a much faster rate than puts .

Most Active Options Table

Diving right in, Intel Corporation has seen 29,000 calls exchanged so far, versus 18,000 puts. The stock's 30-day at-the-money implied volatility (IV) has edged 0.7% higher to 25%, as well, suggesting elevated demand for short-term strikes. A closer look reveals eight of the 10 most active INTC options expire within the next two weeks.

While the November 33 call occupies the top spot, IV is lower and open interest is sufficient enough to cover the volume, so positions may be closing. However, the second most active option -- the weekly 11/14 34-strike put -- is seeing opening activity, as IV is rising and volume outstrips open interest. Moreover, 95% of the volume here has traded at the ask price, hinting at buyer-driven activity.

Today's weekly put buyers expect INTC to keep descending below $34 by next Friday's close, when the 11/14 series expires. The shares are off 1.2% this afternoon at $33.43, meaning the options are currently in the money. However, in order for the traders to profit at expiration, the stock will need to settle below $33.31 (strike less the volume weighted average price of $0.69) one week from today.

On the charts, Intel Corporation (NASDAQ:INTC) is currently facing pressure from its descending 10-week moving average, located at $33.67. Also, the stock is testing support at its 20-week trendline, at $33.42.

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter