Deep-pocketed investors have adopted a bearish approach towards Intel INTC, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Intel. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 23% leaning bullish and 64% bearish. Among these notable options, 7 are puts, totaling $775,236, and 10 are calls, amounting to $740,344.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $55.0 for Intel over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $20.0 to $55.0 in the last 30 days.
Intel Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTC | PUT | SWEEP | BEARISH | 12/20/24 | $10.55 | $10.45 | $10.55 | $41.00 | $316.5K | 368 | 0 |
| INTC | CALL | TRADE | BEARISH | 12/19/25 | $13.7 | $12.4 | $12.75 | $20.00 | $255.0K | 1.9K | 0 |
| INTC | CALL | TRADE | NEUTRAL | 07/19/24 | $0.88 | $0.86 | $0.87 | $31.00 | $174.0K | 18.1K | 202 |
| INTC | PUT | SWEEP | BEARISH | 01/17/25 | $8.85 | $8.75 | $8.85 | $39.00 | $134.5K | 374 | 93 |
| INTC | PUT | SWEEP | BEARISH | 01/17/25 | $8.85 | $8.75 | $8.85 | $39.00 | $122.1K | 374 | 93 |
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.
Following our analysis of the options activities associated with Intel, we pivot to a closer look at the company's own performance.
Intel's Current Market Status
- With a volume of 5,588,010, the price of INTC is down -0.5% at $30.82.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 24 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intel options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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