Whales with a lot of money to spend have taken a noticeably bullish stance on Intel.
Looking at options history for Intel INTC we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $177,722 and 4, calls, for a total amount of $153,671.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $60.0 for Intel over the last 3 months.
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 $30.0 to $60.0 in 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 | SWEEP | BEARISH | 04/19/24 | $43.00 | $50.6K | 10.2K | 624 |
| INTC | PUT | SWEEP | BEARISH | 01/17/25 | $60.00 | $45.3K | 3.4K | 73 |
| INTC | PUT | TRADE | BEARISH | 09/19/25 | $35.00 | $40.3K | 1.1K | 128 |
| INTC | CALL | TRADE | BULLISH | 01/17/25 | $30.00 | $39.2K | 25.2K | 53 |
| INTC | CALL | SWEEP | BULLISH | 03/22/24 | $42.50 | $37.8K | 2.7K | 2.3K |
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.
In light of the recent options history for Intel, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Intel's Current Market Status
- Trading volume stands at 11,548,901, with INTC's price down by -0.47%, positioned at $42.22.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 34 days.
What Analysts Are Saying About Intel
In the last month, 3 experts released ratings on this stock with an average target price of $37.666666666666664.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $50.
- An analyst from Rosenblatt has revised its rating downward to Sell, adjusting the price target to $17.
- An analyst from UBS has decided to maintain their Neutral rating on Intel, which currently sits at a price target of $46.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intel, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
