Investors with a lot of money to spend have taken a bullish stance on Intel (NASDAQ: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 8 uncommon options trades for Intel.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $194,320, and 3 are calls, for a total amount of $119,350.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $25.0 for Intel over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Intel options trades today is 9481.57 with a total volume of 2,584.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Intel's big money trades within a strike price range of $20.0 to $25.0 over the last 30 days.
Intel Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTC | PUT | TRADE | BEARISH | 03/21/25 | $5.15 | $5.1 | $5.15 | $25.00 | $59.2K | 21.6K | 0 |
| INTC | CALL | SWEEP | BULLISH | 01/24/25 | $1.0 | $0.99 | $1.0 | $20.50 | $51.6K | 1.5K | 517 |
| INTC | PUT | SWEEP | BULLISH | 01/17/25 | $3.9 | $3.7 | $3.7 | $24.00 | $44.4K | 19.1K | 0 |
| INTC | PUT | SWEEP | BEARISH | 01/03/25 | $0.81 | $0.79 | $0.81 | $21.00 | $37.5K | 8.2K | 1.1K |
| INTC | CALL | TRADE | BEARISH | 01/17/25 | $0.72 | $0.68 | $0.69 | $20.50 | $34.5K | 3.3K | 526 |
About Intel
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.
Current Position of Intel
- Trading volume stands at 936,470, with INTC's price up by 0.89%, positioned at $20.4.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 20 days.
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.
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 with Benzinga Pro for real-time alerts.
