Looking At Intel's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Intel.

Looking at options history for Intel INTC we detected 28 strange trades.

If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $421,832 and 18, calls, for a total amount of $1,916,306.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.0 to $35.0 for Intel over the last 3 months.

Volume & Open Interest Development

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 $27.0 to $35.0 in the last 30 days.

Intel Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTC CALL TRADE BEARISH 06/21/24 $32.00 $952.5K 2.7K 2.5K
INTC CALL SWEEP BEARISH 06/23/23 $33.00 $121.7K 146 28
INTC CALL SWEEP BEARISH 07/21/23 $31.00 $99.4K 22.3K 1.6K
INTC CALL SWEEP BEARISH 09/15/23 $28.00 $97.2K 6.6K 0
INTC CALL SWEEP BEARISH 07/21/23 $31.00 $96.8K 22.3K 1.6K

Where Is Intel Standing Right Now?

  • With a volume of 22,836,702, the price of INTC is up 0.72% at $29.89.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 69 days.

What The Experts Say On Intel:

  • Rosenblatt downgraded its action to Sell with a price target of $17
  • BMO Capital has decided to maintain their Market Perform rating on Intel, which currently sits at a price target of $32.
  • Barclays has decided to maintain their Equal-Weight rating on Intel, which currently sits at a price target of $30.
  • Goldman Sachs has decided to maintain their Sell rating on Intel, which currently sits at a price target of $27.
  • Needham has decided to maintain their Buy rating on Intel, which currently sits at a price target of $36.

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!