Intel Unusual Options Activity

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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with INTC, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Intel.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 72%, bearish.

Out of all of the options we uncovered, 10 are puts, for a total amount of $1,266,768, and there was 1 call, for a total amount of $90,000.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $60.0 for Intel over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Intel's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Intel's significant trades, within a strike price range of $30.0 to $60.0, over the past month.

Intel Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Where Is Intel Standing Right Now?

• With a volume of 2,645,826, the price of INTC is down -0.35% at $29.89.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 77 days.

Expert Opinions on Intel

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $36.2.

• An analyst from Goldman Sachs persists with their Sell rating on Intel, maintaining a target price of $30.
• Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Intel with a target price of $36.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Intel with a target price of $40.
• An analyst from Bernstein has decided to maintain their Market Perform rating on Intel, which currently sits at a price target of $35.
• An analyst from Evercore ISI Group downgraded its action to In-Line with a price target of $40.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intel options trades with real-time alerts from Benzinga Pro.