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Today, large, unusual put option volume in Intel Corp. (INTC) stock signals a bullish outlook. The puts are at-the-money strike prices with a 4% yield to short sellers. This signals institutional investors are willing to buy INTC.
INTC is up 9% today at $57.87 after Intel posted on X yesterday that it is set to collaborate with Tesla (TSLA) and SpaceX, both Elon Musk companies, to make chips for Musk's new Terafab project (so far, no press release).