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Intel's Options: A Look at What the Big Money is Thinking
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Intel's Options: A Look at What the Big Money is Thinking
Jun 14, 2024 8:08 AM

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 17 uncommon options trades for Intel ( INTC ).

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 47%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $291,527, and 12 are calls, for a total amount of $773,079.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $70.0 for Intel ( INTC ) over the recent three months.

Insights into Volume & Open Interest

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 ( INTC ) 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 ( INTC ) significant trades, within a strike price range of $18.0 to $70.0, over the past month.

Intel Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
INTC CALL TRADE BEARISH 12/18/26 $5.45 $4.95 $5.0 $40.00 $430.0K 19.3K 1
INTC PUT SWEEP BEARISH 12/20/24 $8.35 $8.25 $8.35 $38.00 $110.2K 4.6K 0
INTC PUT SWEEP BEARISH 09/20/24 $3.9 $3.8 $3.9 $33.00 $74.8K 837 0
INTC CALL TRADE NEUTRAL 06/18/26 $8.9 $8.15 $8.59 $28.00 $61.8K 274 295
INTC PUT TRADE BULLISH 12/20/24 $31.0 $29.35 $29.86 $60.00 $50.7K 5 0

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.

In light of the recent options history for Intel ( INTC ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Intel

With a volume of 5,727,778, the price of INTC is down -0.48% at $30.32.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 41 days.

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 ( INTC ) with Benzinga Pro for real-time alerts.

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