Financial giants have made a conspicuous bullish move on Intel. Our analysis of options history for Intel INTC revealed 31 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $548,577, and 25 were calls, valued at $1,073,383.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $75.0 for Intel, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Intel options trades today is 9563.0 with a total volume of 39,701.00.
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 $20.0 to $75.0 over the last 30 days.
Intel Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTC | PUT | TRADE | BULLISH | 08/16/24 | $1.1 | $1.09 | $1.09 | $32.00 | $236.7K | 8.8K | 1.0K |
| INTC | PUT | TRADE | BEARISH | 01/16/26 | $6.0 | $5.95 | $6.0 | $35.00 | $180.0K | 18.0K | 16 |
| INTC | CALL | TRADE | NEUTRAL | 09/20/24 | $2.09 | $2.07 | $2.08 | $35.00 | $104.0K | 12.9K | 6.0K |
| INTC | CALL | TRADE | BULLISH | 09/19/25 | $15.5 | $15.25 | $15.42 | $20.00 | $77.1K | 4.6K | 308 |
| INTC | CALL | SWEEP | BULLISH | 12/18/26 | $7.05 | $7.0 | $7.04 | $40.00 | $60.3K | 15.4K | 693 |
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.
Intel's Current Market Status
- With a volume of 54,573,056, the price of INTC is down -0.09% at $33.96.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 16 days.
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.
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