Financial giants have made a conspicuous bullish move on Intel. Our analysis of options history for Intel INTC revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $451,175, and 12 were calls, valued at $638,991.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $21.0 to $50.0 for Intel during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Intel options trades today is 7712.5 with a total volume of 15,618.00.
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 $21.0 to $50.0 over the last 30 days.
Intel Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTC | PUT | TRADE | BEARISH | 02/16/24 | $50.00 | $309.0K | 646 | 0 |
| INTC | PUT | SWEEP | BEARISH | 03/15/24 | $50.00 | $142.1K | 2.9K | 250 |
| INTC | CALL | SWEEP | BEARISH | 02/16/24 | $43.00 | $115.3K | 9.5K | 4.7K |
| INTC | CALL | SWEEP | BULLISH | 03/15/24 | $46.00 | $86.5K | 13.2K | 692 |
| INTC | CALL | TRADE | BULLISH | 04/19/24 | $21.00 | $72.3K | 30 | 30 |
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.
Current Position of Intel
- Currently trading with a volume of 1,273,632, the INTC's price is up by 1.52%, now at $44.86.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 70 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intel with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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