Investors with significant funds are showing optimism towards Intel (INTC) as evidenced by unusual options trades detected by Benzinga’s options scanner. The trades indicate a bullish sentiment among traders, with 60% bullish and 34% bearish sentiment. These trades include 2 put options totaling $105,882 and 21 call options totaling $2,205,910.
The options activity analysis reveals top option trades observed for Intel, such as CALL trades with varying sentiments and expiry dates. The target price for Intel is estimated to be between $20.0 and $36.0 based on trading volumes and open interest over the past three months. This data is crucial for tracking liquidity and interest in Intel options within a specific strike price range.
Intel is a leading digital chip manufacturer known for its microprocessors designed for personal computers and data centers. The company also operates in areas like communications infrastructure, automotive, and the Internet of Things. Intel aims to leverage its chip manufacturing capabilities in a contract foundry model.
In terms of market performance, Intel is currently trading at $31.50 with a volume of 4,610,734 shares and a 0.85% increase. RSI readings suggest the stock may be approaching overbought territory, and an earnings release is expected in 20 days. Options trading presents both risks and rewards, requiring traders to stay informed, adapt strategies, and monitor market indicators closely.
Overall, the bullish stance on Intel from investors and the unusual options trades indicate a positive outlook for the company. Understanding the market dynamics and options trading patterns can provide valuable insights for investors looking to capitalize on Intel’s potential growth. It is important for traders to stay informed and adapt their strategies to navigate the risks associated with options trading effectively.
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https://www.benzinga.com/insights/options/24/07/39647451/intel-options-trading-a-deep-dive-into-market-sentiment