Bullish Options Positioning in Intel (INTC) Targets Upside in Shares Ahead of Today's Earnings Announcement After the Close -Susquehanna
Susquehanna options strategist Alison Edwards notes bullish options positioning in Intel (NASDAQ: INTC) ahead of earnings after the close today, as investors bought 9k Nov2 45/46 call spreads for $0.36 and bought 8k Nov2 45/47 call spreads for $0.61. These investors open upside exposure expressing sentiment that stock has increased upside potential through the end of next week, capped at $47 (up 7.5%).