Investors with a lot of money to spend have taken a bullish stance on Intel INTC.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Intel.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 20%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $308,340, and 7 are calls, for a total amount of $559,190.
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 $16.0 and $30.0 for Intel, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $16.0 to $30.0 in 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 | CALL | SWEEP | BULLISH | 01/17/25 | $4.25 | $4.2 | $4.25 | $16.00 | $298.3K | 1.0K | 730 |
| INTC | PUT | SWEEP | BEARISH | 07/18/25 | $7.6 | $7.5 | $7.6 | $27.00 | $227.2K | 207 | 300 |
| INTC | CALL | TRADE | BEARISH | 01/16/26 | $2.1 | $1.77 | $1.8 | $30.00 | $72.0K | 35.2K | 0 |
| INTC | PUT | SWEEP | NEUTRAL | 12/20/24 | $5.0 | $4.85 | $4.95 | $25.00 | $49.5K | 8.7K | 130 |
| INTC | CALL | TRADE | BULLISH | 01/15/27 | $5.9 | $5.8 | $5.9 | $22.00 | $47.2K | 3.1K | 0 |
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 trading volume of 6,169,898, the price of INTC is up by 0.84%, reaching $20.29.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 42 days from now.
What Analysts Are Saying About Intel
In the last month, 1 experts released ratings on this stock with an average target price of $21.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from B of A Securities lowers its rating to Underperform with a new price target of $21.
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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