This Is What Whales Are Betting On Intel

This Is What Whales Are Betting On Intel

A whale with a lot of money to spend has taken a noticeably bearish stance on Intel.

Looking at options history for Intel INTC we detected 34 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $702,584 and 26, calls, for a total amount of $1,974,896.

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 $15.0 to $100.0 for Intel over the last 3 months.

Volume & Open Interest Development

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 $15.0 to $100.0 in 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 CALL SWEEP BULLISH 11/04/22 $27.00 $333.6K 110 2.4K
INTC CALL TRADE BEARISH 06/16/23 $15.00 $234.0K 57 500
INTC PUT SWEEP BEARISH 01/20/23 $100.00 $220.5K 0 0
INTC PUT TRADE NEUTRAL 01/20/23 $55.00 $214.1K 11.1K 75
INTC CALL TRADE BEARISH 06/16/23 $15.00 $117.0K 57 100

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTC CALL SWEEP BULLISH 11/04/22 $27.00 $333.6K 110 2.4K
INTC CALL TRADE BEARISH 06/16/23 $15.00 $234.0K 57 500
INTC PUT SWEEP BEARISH 01/20/23 $100.00 $220.5K 0 0
INTC PUT TRADE NEUTRAL 01/20/23 $55.00 $214.1K 11.1K 75
INTC CALL TRADE BEARISH 06/16/23 $15.00 $117.0K 57 100

Where Is Intel Standing Right Now?

  • With a volume of 14,756,863, the price of INTC is down -2.62% at $26.42.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 21 days.

What The Experts Say On Intel:

  • Deutsche Bank has decided to maintain their Hold rating on Intel, which currently sits at a price target of $35.
  • Stifel downgraded its action to Hold with a price target of $32

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.

Posted In: BZI-UOAOptionsMarkets