I think the market is looking six months ahead. All those sidelined investors who were waiting for sub-$20 prices have been betrayed by luck & circumstance. Now we are looking forward to Haswell which will be releasing into an environment where Android & Apple have lost their WOW factor.
Intel investors have to learn a new phrase which til now has not been helpful: "Averaging up".
There is CALL option volume in the MAY $21, $22, $23 and $24 strikes. They appear to be two PAIRS of trades being made. The $$21 + $23 paired as BEAR CALL spreads and the $22 + $24 paired as BULL CALL spreads.
The result is that they are selling the middle and buying the outers. The result is an option positon being taken before the ex-dividend day next Friday May 3rd.
I am surprised the OMM has not opened up the weeklies for next week.
"Dead money"? I would almost narrow my range to $22 to $23.