Whales with a lot of money to spend have taken a noticeably bearish stance on Intel ( INTC ).

Looking at options history for Intel ( INTC ) we detected 38 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 23 are puts, for a total amount of $3,087,087 and 15, calls, for a total amount of $797,560.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $40.0 for Intel ( INTC ) during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Intel ( INTC ) stands at 7561.11, with a total volume reaching 50,706.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intel ( INTC ), situated within the strike price corridor from $15.0 to $40.0, throughout the last 30 days.

Intel Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Intel

Intel ( INTC ) is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel ( INTC ) pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel ( INTC ) remains the market share leader in central processing units in both the PC and server end markets. Intel ( INTC ) has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel ( INTC ) expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

After a thorough review of the options trading surrounding Intel ( INTC ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Intel

Currently trading with a volume of 20,977,861, the INTC's price is down by -3.81%, now at $19.71.

RSI readings suggest the stock is currently may be oversold.

Anticipated earnings release is in 76 days.

What The Experts Say On Intel

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $24.4.

An analyst from Goldman Sachs has decided to maintain their Sell rating on Intel ( INTC ), which currently sits at a price target of $22.

An analyst from JP Morgan has decided to maintain their Underweight rating on Intel ( INTC ), which currently sits at a price target of $26.

Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Intel ( INTC ) with a target price of $32.

An analyst from Morgan Stanley persists with their Equal-Weight rating on Intel ( INTC ), maintaining a target price of $25.

Maintaining their stance, an analyst from Rosenblatt continues to hold a Sell rating for Intel ( INTC ), targeting a price of $17.

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 ( INTC ) options trades with real-time alerts from Benzinga Pro.