Financial giants have made a conspicuous bullish move on Intel ( INTC ). Our analysis of options history for Intel ( INTC ) revealed 29 unusual trades.

Delving into the details, we found 48% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $530,030, and 23 were calls, valued at $1,504,270.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $30.0 for Intel ( INTC ), spanning the last three months.

Volume & Open Interest Development

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 $13.0 to $30.0, over the past month.

Intel Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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.

Current Position of Intel

Currently trading with a volume of 30,399,593, the INTC's price is down by -0.86%, now at $20.65.

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

Anticipated earnings release is in 3 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.