Spotlight on Intel: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Intel INTC, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTC usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Intel. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $222,959, and 11 are calls, amounting to $873,521.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $70.0 for Intel during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intel's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intel's whale trades within a strike price range from $25.0 to $70.0 in the last 30 days.

Intel 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Current Position of Intel

• Trading volume stands at 10,497,011, with INTC's price up by 0.86%, positioned at $44.38.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 45 days.

What The Experts Say On Intel

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $34.333333333333336.

• Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $40.
• In a cautious move, an analyst from Rosenblatt downgraded its rating to Sell, setting a price target of $17.
• An analyst from UBS has decided to maintain their Neutral rating on Intel, which currently sits at a price target of $46.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intel with Benzinga Pro for real-time alerts.