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 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $239,384 and 10, calls, for a total amount of $610,356.
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 $27.5 to $40.0 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 $27.5 to $40.0 in the last 30 days.
Intel Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTC | PUT | SWEEP | BEARISH | 09/15/23 | $34.00 | $140.1K | 7.6K | 617 |
| INTC | CALL | TRADE | BULLISH | 07/21/23 | $33.00 | $140.0K | 36.9K | 2.3K |
| INTC | PUT | SWEEP | BULLISH | 01/17/25 | $27.50 | $99.2K | 10.2K | 407 |
| INTC | CALL | SWEEP | BEARISH | 01/19/24 | $37.50 | $91.3K | 46.3K | 429 |
| INTC | CALL | TRADE | BULLISH | 06/30/23 | $29.00 | $85.8K | 751 | 208 |
Where Is Intel Standing Right Now?
- With a volume of 13,103,272, the price of INTC is up 1.3% at $33.43.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 31 days.
What The Experts Say On Intel:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Intel, which currently sits at a price target of $38.
- Mizuho downgraded its action to Neutral with a price target of $30
- Rosenblatt downgraded its action to Sell with a price target of $17
- Needham downgraded its action to Buy with a price target of $36
- Benchmark downgraded its action to Buy with a price target of $39
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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