Semiconductor stocks are powering the U.S. equity market to records in recent days and traders are predicting that means a big swing in shares of Intel
after earnings after the bell Thursday.
Options are pricing in a $6.23 move on the report, a roughly 9% swing. That wouldn’t be out of the ordinary for the chipmaker: Shares slid as much as 18% after reporting fourth-quarter earnings in January before staging a 50% rally just this month alone.
The semiconductor group is up 145% in the past year, and Intel’s been a key leader, climbing more than 230% over that period.
The catch is, the stock has dropped after three of its last four earnings reports.
