Financial giants have made a conspicuous bullish move on Intel ( INTC ). Our analysis of options history for Intel ( INTC ) revealed 97 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $602,322, and 84 were calls, valued at $11,317,917.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $47.0 for Intel ( INTC ) over the last 3 months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intel's ( INTC ) options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intel's ( INTC ) substantial trades, within a strike price spectrum from $15.0 to $47.0 over the preceding 30 days.

Intel Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Where Is Intel Standing Right Now?

Currently trading with a volume of 111,498,473, the INTC's price is up by 6.03%, now at $22.23.

RSI readings suggest the stock is currently may be approaching overbought.

Anticipated earnings release is in 71 days.

Unusual Options Activity Detected: Smart Money on the Move

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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.