Intel Unusual Options Activity

Intel Unusual Options Activity

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 16 uncommon options trades for Intel.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $442,570, and 7 are calls, for a total amount of $353,347.

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 $25.0 to $40.0 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 $25.0 to $40.0 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 NEUTRAL 02/17/23 $30.00 $88.9K 8.7K 3.6K
INTC PUT SWEEP BULLISH 12/09/22 $36.00 $79.3K 0 115
INTC PUT SWEEP BEARISH 12/09/22 $36.00 $78.6K 0 229
INTC CALL SWEEP BEARISH 03/17/23 $25.00 $75.2K 1.7K 4
INTC CALL SWEEP BULLISH 02/17/23 $30.00 $62.4K 8.7K 910

Where Is Intel Standing Right Now?

  • With a volume of 12,805,012, the price of INTC is down -1.96% at $28.77.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 58 days.

What The Experts Say On Intel:

  • Cowen & Co. downgraded its action to Market Perform with a price target of $31
  • Barclays upgraded its action to Equal-Weight with a price target of $30
  • Citigroup has decided to maintain their Neutral rating on Intel, which currently sits at a price target of $27.
  • Credit Suisse downgraded its action to Neutral with a price target of $28
  • JP Morgan downgraded its action to Underweight 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