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Barchart
Barchart
Mark R. Hake, CFA

Intel Corp Stock My Have Bottomed - Attracting Unusual Call Options Activity in INTC Today

INTC Intel Corporation United States

Intel Corporation (INTC) may have bottomed out. Investors in long-dated call options today may have concluded this, resulting in unusual options volume. They may believe that INTC is worth substantially more.

INTC is at $22.39 in midday trading on Wednesday, Oct. 16. It has dropped significantly in the last several months. INTC peaked at $34.92 in mid-July but recently hit a low of $18.77 on Aug. 7.

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