Intel Unusual Options Activity For December 04

Investors with a lot of money to spend have taken a bearish 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 69 uncommon options trades for Intel.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 15 are puts, for a total amount of $1,618,694, and 54 are calls, for a total amount of $2,903,474.

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 $25.0 to $55.0 for Intel over the last 3 months.

Insights into 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 $25.0 to $55.0 in the last 30 days.

Intel 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

Current Position of Intel

• Trading volume stands at 32,173,603, with INTC's price down by -3.69%, positioned at $42.13.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 52 days.

Expert Opinions on Intel

1 market experts have recently issued ratings for this stock, with a consensus target price of $50.0.

• In a positive move, an analyst from Mizuho has upgraded their rating to Buy and adjusted the price target to $50.

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.