Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Intel Unusual Options Activity For November 07

A whale with a lot of money to spend has taken a noticeably bullish stance on Intel.

Looking at options history for Intel (NASDAQ:INTC) we detected 21 strange trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $641,210 and 6, calls, for a total amount of $227,124.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $57.5 for Intel over the last 3 months.

Volume & Open Interest Development

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 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 whale trades within a strike price range from $25.0 to $57.5 in the last 30 days.

Intel Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTC PUT TRADE BEARISH 01/20/23 $52.50 $61.3K 8.2K 0
INTC PUT TRADE BULLISH 01/19/24 $47.50 $59.8K 2.5K 73
INTC PUT TRADE BULLISH 01/20/23 $45.00 $50.3K 23.9K 40
INTC PUT TRADE BULLISH 06/16/23 $50.00 $49.9K 99 23
INTC PUT SWEEP BULLISH 01/19/24 $40.00 $49.6K 33.0K 107

Where Is Intel Standing Right Now?

  • With a volume of 17,055,025, the price of INTC is down -0.16% at $28.16.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 79 days.

What The Experts Say On Intel:

  • Northland Capital Markets has decided to maintain their Outperform rating on Intel, which currently sits at a price target of $52.
  • Wells Fargo has decided to maintain their Equal-Weight rating on Intel, which currently sits at a price target of $32.
  • Rosenblatt has decided to maintain their Sell rating on Intel, which currently sits at a price target of $20.
  • Barclays has decided to maintain their Underweight rating on Intel, which currently sits at a price target of $30.
  • Deutsche Bank has decided to maintain their Hold rating on Intel, which currently sits at a price target of $32.

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

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.