Intel bulls are betting on a breakout
Updated
Intel options interest is highly bullish today as call-buyers bet on a last-minute trade deal ahead of the December 15 deadline for new China tariffs to go into effect. Intel is definitely one of the safer bets in the semiconductor space, with a 9.5/10 analyst summary score and an attractive P/E of just 13. The stock's valuation is rated 95/100, or extremely undervalued, by S&P Global Intelligence. Intel pays a dividend of over 2% and may be a good buy-and-hold stock for 2020.
Note
The options balance on Intel shifted hard toward puts today, so I went ahead and took profit on this trade.
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