Market Overview

Mike Khouw Sees Unusual Options Activity In Intel

Share:

On CNBC's "Options Action", Mike Khouw spoke about unusual options activity in Intel Corporation (NASDAQ: INTC) ahead of earnings. He said over 100,000 call options contracts were traded which is more than double its daily average call volume.

See Also: Big Chip Earnings Preview: Intel, AMD Set To Report Amid Changing Competitive Landscape, Cycle Risk

The options market is implying a move of 5 percent in either direction on earnings and it usually moves 4.5 percent on the event. During the session, Khouw noticed somebody sold 5,000 contracts of the February and the April calls to buy 10,000 contracts of the July 52.50 call for $1.85. The trade breaks even at $54.35 or more than 13 percent above the current stock price.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

Related Articles (INTC)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Amarin, Caterpillar, McDonald's, Xilinx: 'Fast Money' Picks For January 24

A Peek Into The Markets: US Stock Futures Edge Higher Ahead Of Earnings, Economic Data