A call seller dumped over 25,000 INTC Jan 40 calls at .03.?
Intel Corporation, trading 37.20 with an IV30 of 22.5 and an HV10 of 17.30, is seeing a call sweeper buy cheap calls today. The stock, with an ADV of 57,800 and an OI of 1.66 million, saw a call seller dump over 25,000 of the Jan 40 calls at .03.? This is against open interest on the strike of about 8300 contracts.
This appears to be a customer that was holding short the Jan 40?s unloading the position and moving on, although there does not appear to be a new opening trade.? The customer likely is done collecting the income and decided to move on.
This trade is neutral INTC volatility and neutral INTC stock.