Intel options volume nearly tripled its monthly average on September 17 as traders piled into calls while the stock extended a rally. The Cboe Volatility Index fell to its lowest level in a week after the Federal Reserve's rate hike, and the S&P 500 gained more than 1% on the session.
Intel options volume nearly tripled its monthly average on September 17, with traders exchanging more than 1.3 million contracts in a single session. The rally has lifted the chipmaker's shares roughly 35% from their summer lows.
Of the $320 million in buyer-initiated premium that flowed through Intel's options, $231 million went to calls, about 72 cents of every dollar wagered on the stock rising rather than falling. Traders bought roughly 270,000 call contracts against fewer than 140,000 puts.
Intel wasn't trading alone. AMD's own options volume nearly doubled its average, as traders bought 107,000 calls against 71,500 puts. CrowdStrike and SpaceX also posted bullish options flows that exceeded their respective 30-day averages.
The most-traded contract was Intel's October 2 $115 call option, which would need the stock to climb another 7.7% from its September 17 level to pay off. Market-maker pricing reflected the same lean: at-the-money calls traded at roughly a $2 premium over equivalent puts.
The Cboe Volatility Index fell more than two points to settle at 15.4, its lowest reading in a week. The decline followed the Federal Reserve's first interest rate hike since 2023. The S&P 500 gained more than 1% on the session.
Source: Crypto Briefing
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