Extreme Call Activity on Intel Before Earnings

Open interest among contracts expiring within three months is extremely call-heavy

Jan 24, 2019 at 2:07 PM
facebook X logo linkedin

Intel Corporation (NASDAQ:INTC) call volume is running in the 99th annual percentile, while almost tripling the number of puts traded today. The February 52.50 call -- home to peak open interest -- is most popular today, followed by the March 52.50 call.

This call preference is part of a longer-term trend on INTC, which has a Schaeffer's put/call open interest ratio (SOIR) at 0.48, in the lowest percentile of its annual range. In other words, short-term options traders are much more call-skewed than normal.

All this comes as the chipmaker prepares for its earnings release later today. On the whole, the options market is pricing in a 6.7% swing for the shares in tomorrow's trading. The stock was last seen trading up 2.9% at $49.34, meaning a move of this magnitude to the upside would put Intel just above $52.50, territory not seen since a July bear gap. To the downside, the equity would be trading around $46.

As for analyst sentiment on the blue chip, most brokerage firms are actually skeptical, with 15 of 29 handing out "hold" or worse recommendations, This setup leaves the door open for a round of bull notes in the case of an impressive turn in the earnings spotlight. Last quarter, INTC rose 3.1% the day after earnings.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI