Forex | Forex | Option bulls spring into action on optimism at Intel (31/08/2009 07:13:33)

Option bulls spring into action on optimism at Intel

INTC – Intel Corp. – Shares of the tech-sector bellwether jumped more than 4.5% to $20.35 this morning after projecting higher sales estimates for the quarter. The world’s largest chip maker also increased the gross-margin forecast for the period, and expects margin will be between 53 and 55 percent. Option bulls reacted to the news by exchanging call options more than 3 times to every put traded on the stock. Optimism for continued upward movement in INTC was reflected at the near-term


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