Financial giants have shown strong bullish activity towards Intel, with 31 unusual options trades detected. Among these trades, 54% were bullish and 38% were bearish, with 6 put options valued at $548,577 and 25 call options valued at $1,073,383.
Analysis of Intel’s options history indicated a price band between $20.0 and $75.0, based on trading volumes and open interest over the past three months. The average open interest for Intel options trades is 9563.0 with a total volume of 39,701.00.
Notable options activities include a bullish put trade expiring on 08/16/24, a bearish put trade expiring on 16/01/26, a neutral call trade expiring on 09/20/24, a bullish call trade expiring on 09/19/25, and a bullish sweep call trade expiring on 12/18/26.
Intel is a prominent digital chip manufacturer specializing in microprocessors for the PC and data center markets. With a current market volume of 54,573,056, Intel’s stock price dropped slightly to $33.96. RSI indicators suggest the stock may be overbought, and upcoming results are expected in 16 days.
Options trading presents higher profit potential but also carries higher risk than trading stocks. Serious options traders mitigate this risk by staying informed, adjusting trade sizes, using multiple indicators, and monitoring market trends. For real-time options trading alerts for Intel, Benzinga Pro offers a reliable resource.
In conclusion, the options market for Intel is exhibiting strong bullish sentiment among traders, with notable trades and price target projections within a specified range. Investors should closely monitor market developments and utilize risk management strategies to navigate the volatility of options trading effectively.
Article Source
https://www.benzinga.com/insights/options/24/07/39694415/intels-options-a-look-at-what-the-big-money-is-thinking