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Intel Corp (INTC) stock has been moving higher, and investors may be signaling a bottom in INTC. This is from a large, unusual volume of out-of-the-money INTC put options that expire in two weeks. This is because INTC is undervalued, based on its potential free cash flow projections.
INTC is at $48.50 in midday trading, which is about where it has been trading for the past two months. However, it's up from a recent low of $41.20 on March 30, as investors have been more positive about the stock's prospects.