27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
High-rolling investors have positioned themselves bullish on Intel (NASDAQ:INTC), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in INTC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Intel. This is not a typical pattern.
The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $42,940, and 11 calls, totaling $941,591.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $50.0 for Intel over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Intel options trades today is 18945.45 with a total volume of 1,844.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Intel's big money trades within a strike price range of $30.0 to $50.0 over the last 30 days.
Intel Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTC | CALL | TRADE | BULLISH | 06/21/24 | $43.00 | $550.0K | 1.9K | 0 |
| INTC | CALL | SWEEP | NEUTRAL | 01/17/25 | $42.50 | $62.8K | 11.9K | 80 |
| INTC | CALL | SWEEP | BULLISH | 01/17/25 | $30.00 | $61.5K | 23.6K | 0 |
| INTC | CALL | TRADE | BEARISH | 01/19/24 | $42.50 | $57.8K | 29.3K | 44 |
| INTC | PUT | SWEEP | NEUTRAL | 09/20/24 | $42.00 | $42.9K | 427 | 104 |
About Intel
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.
After a thorough review of the options trading surrounding Intel, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Intel Standing Right Now?
- With a volume of 4,744,659, the price of INTC is up 0.26% at $43.78.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 62 days.
Professional Analyst Ratings for Intel
5 market experts have recently issued ratings for this stock, with a consensus target price of $35.8.
- Showing optimism, an analyst from HSBC upgrades its rating to Hold with a revised price target of $33.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $40.
- An analyst from Mizuho has elevated its stance to Buy, setting a new price target at $50.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Intel, which currently sits at a price target of $39.
- An analyst from Rosenblatt has revised its rating downward to Sell, adjusting the price target to $17.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intel options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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