Financial giants have made a conspicuous bullish move on Intel ( INTC ). Our analysis of options history for Intel ( INTC ) revealed 23 unusual trades.
Delving into the details, we found 52% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,020,806, and 14 were calls, valued at $1,215,885.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.0 to $40.0 for Intel ( INTC ) over the last 3 months.
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 $22.0 to $40.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTC | CALL | SWEEP | BULLISH | 12.6K | 502 | ||||||
| INTC | PUT | SWEEP | BULLISH | 2.2K | 1.3K | ||||||
| INTC | PUT | SWEEP | BULLISH | 7.9K | 2.0K | ||||||
| INTC | CALL | SWEEP | BEARISH | 9.7K | 100 | ||||||
| INTC | PUT | SWEEP | BULLISH | 2.2K | 2.8K |
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.
Trading volume stands at 47,197,233, with INTC's price down by -2.67%, positioned at $29.75.
RSI indicators show the stock to be may be overbought.
Earnings announcement expected in 41 days.
In the last month, 3 experts released ratings on this stock with an average target price of $32.33.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Citigroup downgraded its action to Sell with a price target of $29.
* Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Intel ( INTC ) with a target price of $25.
* An analyst from Benchmark has elevated its stance to Buy, setting a new price target at $43.
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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