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 29 strange trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $642,149 and 13, calls, for a total amount of $628,050.
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 $32.0 to $37.5 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 6169.73 with a total volume of 22,986.00.
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 $32.0 to $37.5 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 | CALL | SWEEP | BEARISH | 03/15/24 | $33.00 | $136.7K | 2.0K | 1 |
| INTC | PUT | SWEEP | BULLISH | 06/21/24 | $34.00 | $67.1K | 1.4K | 439 |
| INTC | PUT | TRADE | BULLISH | 03/15/24 | $36.00 | $57.8K | 4.4K | 2.3K |
| INTC | CALL | SWEEP | BEARISH | 12/15/23 | $33.00 | $56.4K | 3.4K | 113 |
| INTC | CALL | TRADE | BEARISH | 03/15/24 | $36.00 | $51.1K | 1.9K | 1.1K |
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Where Is Intel Standing Right Now?
- With a volume of 19,043,209, the price of INTC is down -0.03% at $35.68.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 86 days.
What The Experts Say On Intel:
- Rosenblatt downgraded its action to Sell with a price target of $17
- HSBC upgraded its action to Hold with a price target of $33
- Northland Capital Markets has decided to maintain their Outperform rating on Intel, which currently sits at a price target of $56.
- Roth MKM downgraded its action to Neutral with a price target of $35
- Needham downgraded its action to Buy with a price target of $40
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 |
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