Option traders moderately bearish in Intel with shares down 2.41%

Option traders moderately bearish in Intel (INTC), with shares down 50c near $20.05.Options volume roughly in line with average with 310k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 2.3 points near 45.35,and below the 52wk median, suggesting an expected daily move of $0.57. Put-call skew steepened, indicating increased demand for downside protection.

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