Intel (NASDAQ: INTC) is recently up 17 cents to $15.38 in pre-open trading. INTC was fined $1.45 billion by the European Union for using rebates to impede competition. INTC said orders and billing so far in the June quarters have been better than INTC originally expected. INTC May 15 straddle is priced at 63 cents, June 15 is priced at $1.65. INTC option implied volatility of 44 is below its 26-week average of 52, according to Track Data suggesting decreasing price movement.
Arcelor Mittal (NYSE: MT) closed at $26.23. MT has recently announced it would make layoffs and idle iron-producing operations. MT June option implied volatility of 80 is below its 26-week average of 93, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.










