Someone with a lot of money to spend has taken a bearish stance on Intel INTC.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with INTC, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 26 uncommon options trades for Intel.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $1,096,164, and 11 are calls, for a total amount of $419,153.
What's The Price Target?
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 $57.5 for Intel over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Intel options trades today is 6006.19 with a total volume of 29,204.00.
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 $57.5 over the last 30 days.
Intel Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTC | PUT | TRADE | BULLISH | 12/16/22 | $42.50 | $228.7K | 1.0K | 843 |
| INTC | PUT | TRADE | BULLISH | 01/20/23 | $30.00 | $168.0K | 16.1K | 28 |
| INTC | PUT | SWEEP | BEARISH | 09/16/22 | $45.00 | $149.9K | 15.8K | 630 |
| INTC | PUT | SWEEP | BULLISH | 12/16/22 | $35.00 | $110.1K | 3.5K | 440 |
| INTC | PUT | TRADE | BEARISH | 08/12/22 | $39.00 | $74.0K | 919 | 213 |
Where Is Intel Standing Right Now?
- With a volume of 33,859,381, the price of INTC is up 0.11% at $35.43.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 73 days.
What The Experts Say On Intel:
- Baird downgraded its action to Neutral with a price target of $40
- DZ Bank downgraded its action to Sell with a price target of $30
- Deutsche Bank has decided to maintain their Hold rating on Intel, which currently sits at a price target of $45.
- Morgan Stanley has decided to maintain their Underweight rating on Intel, which currently sits at a price target of $36.
- Rosenblatt has decided to maintain their Sell rating on Intel, which currently sits at a price target of $30.
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.
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