Intel Corp. shares jumped about 7.9% in 10 June trading after an unusually heavy burst of call-option buying. Options trackers reported roughly 706,000 call contracts changing hands against about 290,000 puts, with scanners highlighting sweeping call purchases throughout the session. The rally carried the stock through a key technical resistance line and followed reports of share accumulation by a former chief executive. Market commentators linked the surge to speculation that customers are accelerating semiconductor orders ahead of recently imposed U.S. import tariffs and to broader momentum across chipmakers. The advance helped underpin wider risk appetite: the S&P 500 hovered near the 6,000 level while the Cboe Volatility Index held in the mid-17s, signalling subdued equity volatility. The move comes as investors await Wednesday’s May consumer-price index, the final inflation print before the Federal Reserve’s June policy meeting. Consensus forecasts point to a 0.2% monthly rise in headline CPI for a 2.4% year-on-year increase, and a 0.27% gain in core prices for a 2.9% annual rate. Separately, the Atlanta Fed’s GDPNow model left its estimate for second-quarter U.S. growth unchanged at an annualised 3.8%.
May CPI preview: Inflation expected to tick higher as tariff uncertainty lingers https://t.co/R42wYkwcBa by @allie_canal
$TEM up 25% in 9 days since Spruce dummies https://t.co/H3dbtXOdkY
What are the thoughts around CPI tomorrow? I have not been checking