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Benzinga Insights

What Are Whales Doing With Intel

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 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $409,771 and 6, calls, for a total amount of $547,982.

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 $35.0 to $50.0 for Intel over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Intel options trades today is 11351.55 with a total volume of 15,063.00.

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 $35.0 to $50.0 over 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 CALL SWEEP BULLISH 06/16/23 $35.00 $349.9K 1.9K 718
INTC PUT TRADE BULLISH 08/12/22 $37.00 $201.5K 2.8K 1.6K
INTC CALL SWEEP BULLISH 08/19/22 $37.50 $72.8K 20.4K 7.3K
INTC PUT SWEEP NEUTRAL 01/19/24 $40.00 $48.5K 32.0K 63
INTC CALL TRADE BEARISH 01/20/23 $45.00 $37.5K 30.1K 500

Where Is Intel Standing Right Now?

  • With a volume of 24,532,689, the price of INTC is down -1.57% at $36.38.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 79 days.

What The Experts Say On Intel:

  • Morgan Stanley has decided to maintain their Underweight rating on Intel, which currently sits at a price target of $36.
  • Barclays has decided to maintain their Underweight rating on Intel, which currently sits at a price target of $35.
  • Deutsche Bank has decided to maintain their Hold rating on Intel, which currently sits at a price target of $45.
  • Rosenblatt has decided to maintain their Sell rating on Intel, which currently sits at a price target of $30.
  • Baird downgraded its action to Neutral with a price target of $40

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.

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