When ever you see a narrow trading range like this, expect some unusual option trading activity.
Buying calls or selling puts drives the price up.
Someone is buying Mar $18 puts. These provide lift and seem to match the July $18 puts in volume. CALENDAR PUT SPREAD?
Buying puts or selling calls drives the price down.
Someone is selling Mar $22 calls. This will cap the upside.
Someone is selling a bunch of Jul $18 puts. That will limit the upside until they are covered.
I have seen some strangle and straddle activity. These tend to define a narrow trading range until they are cleared out.
Over the past couple years, it appears that there are some option players who are trading in and out of Intel. That substantially lowers the BETA.
It doesn't appear there is any buying for the company today or so far. They don't appear to be sitting on the bid at all. What is current pain or weekly options pain today? I know it is 22 for February, but what about Friday?