Check Out What Whales Are Doing With INTC

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 33 uncommon options trades for Intel.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 51%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $184,784, and 27 are calls, for a total amount of $1,271,083.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $60.0 for Intel over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Intel stands at 7198.35, with a total volume reaching 45,279.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intel, situated within the strike price corridor from $10.0 to $60.0, throughout the last 30 days.

Intel Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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

Intel's Current Market Status

• With a trading volume of 37,299,694, the price of INTC is up by 0.75%, reaching $19.57.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 80 days from now.

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.

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.