Eseandre Mordi
⬤ Intel shares rose more than 2 % at the start of the session after a sharp jump in options turnover. The price reached $41.85 soon after the opening bell reflecting steady buying pressure from the first minute.
⬤ Options numbers showed a clear bullish bias - net call premium came in at about $5.75 million, while put premium registered minus $97 000. The price move echoed that mood - INTC leapt from $41.30 and cleared $41.90 within minutes of the open.
The heavy call demand paired with instant price strength highlights rising focus on Intel's short term path.
⬤ Total options premium exceeded $9.2 million placing Intel among the busiest names that morning. The stock stayed close to its peak after the early spurt and the link between a higher share price plus swelling call premium indicated fresh hunger for upside positions.
⬤ Sudden swings in options premiums often flag shifts in short term momentum, particularly for a large chip name like Intel. The robust call activity and prompt price advance show traders are watching closely to see where INTC goes next.
Eseandre Mordi
