If you think options are a good indicator of future stock movements, you may want to keep an eye on the big cap techs and financials, according to two experts.
Intel...
"Implied volatility is showing us the possibility of a 5 percent up or down move in Intel ," said Rebecca Darst of Interactive Brokers, on CNBC Friday. "I know the stock has been pretty much caught in a range of 22, 23 dollars since late December, and I think that the fact that we saw calls moving at about a two-month high yesterday shows a lot of pent-up impatience among option traders to see this stock move. Obviously, it got some positive attention on the back of that analyst upgrade yesterday, and I think that elicited a lot of the volume we saw trading to buyers and sellers in the April 22.50 calls. There was a lot of buying interest yesterday in, also, the May 24 dollar calls. These traded at four times the open interest, so there's some early indications that Intel might have some upside coming, but that was a different universe yesterday."
"We did see some activity in the over-the-counter market on downside puts in Intel," added Dennis Davitt of Credit Suisse, also appearing on CNBC. Intel's a big bellwether stock. It's really tough to read the tea leaves on a stock like Intel."
JPMorgan ...