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This Is What Whales Are Betting On Intel
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This Is What Whales Are Betting On Intel
Apr 1, 2024 8:17 AM

High-rolling investors have positioned themselves bullish on Intel ( INTC ) , and it's important for retail traders to take note.

This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in INTC often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 25 options trades for Intel ( INTC ). This is not a typical pattern.

The sentiment among these major traders is split, with 60% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $47,300, and 24 calls, totaling $1,160,518.

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 $37.5 to $55.0 for Intel ( INTC ) during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intel's ( INTC ) options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intel's ( INTC ) whale trades within a strike price range from $37.5 to $55.0 in the last 30 days.

Intel Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
INTC CALL TRADE BEARISH 04/19/24 $2.15 $2.11 $2.12 $44.00 $106.0K 18.1K 1.1K
INTC CALL TRADE BULLISH 04/19/24 $2.1 $2.09 $2.1 $44.00 $105.0K 18.1K 3.2K
INTC CALL TRADE BULLISH 04/19/24 $2.0 $1.99 $2.0 $44.00 $100.0K 18.1K 4.5K
INTC CALL SWEEP BEARISH 04/19/24 $1.93 $1.91 $1.91 $44.00 $94.5K 18.1K 6.0K
INTC CALL SWEEP BULLISH 03/21/25 $3.8 $3.7 $3.8 $55.00 $66.5K 1.4K 177

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.

Present Market Standing of Intel

With a volume of 8,241,627, the price of INTC is up 0.25% at $44.28.

RSI indicators hint that the underlying stock may be approaching overbought.

Next earnings are expected to be released in 24 days.

What The Experts Say On Intel

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $48.666666666666664.

Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Intel ( INTC ) with a target price of $50.

Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Intel ( INTC ), targeting a price of $46.

An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $50.

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 ( INTC ), Benzinga Pro gives you real-time options trades alerts.

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