Behind the Scenes of Intel's Latest Options Trends

Financial giants have made a conspicuous bullish move on Intel. Our analysis of options history for Intel INTC revealed 22 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,516,538, and 12 were calls, valued at $1,598,788.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $55.0 for Intel during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Intel options trades today is 3231.8 with a total volume of 14,105.00.

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 $35.0 to $55.0 over the last 30 days.

Intel Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Having examined the options trading patterns of Intel, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Intel Standing Right Now?

• With a volume of 12,909,004, the price of INTC is up 1.71% at $42.71.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 56 days.

What Analysts Are Saying About Intel

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $35.666666666666664.

• An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $40.
• An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $50.
• Reflecting concerns, an analyst from Rosenblatt lowers its rating to Sell with a new price target of $17.

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.