Wealthy investors have recently taken a pessimistic stance on Intel (INTC) according to public options filings on Benzinga. This significant move suggests that something major may be on the horizon. Benzinga’s options scanner highlighted 17 unusual options activities for Intel, indicating that there is heightened activity surrounding the stock.
Among these investors, 23% are optimistic while 64% are pessimistic. The options activities include 7 put options totaling $775,236 and 10 call options totaling $740,344. These investors appear to be targeting a price range of $20.0 to $55.0 for Intel based on the volume and open interest in the contracts over the past 3 months.
Analyzing the volume and open interest in Intel options can provide valuable insight into the stock’s liquidity and interest at various strike prices within a specific range. The recent options trades for Intel include both put and call options with varying trade sizes and expiration dates.
Intel is a prominent digital chip manufacturer known for its microprocessors in the PC and data center markets. The company has a strong foothold in the CPU markets and has been expanding into new areas such as communications infrastructure and the Internet of Things. Intel is also exploring a contract foundry model to build chips for other companies.
In terms of market performance, Intel’s stock volume was at 5,588,010, with a price decline of 0.5% to $30.82. The RSI indicators suggest that the stock may be approaching overbought territory. The next earnings results are expected to be released in 24 days.
Options trading can be risky but also rewarding for traders who manage their risks effectively. It is important to stay informed, adapt strategies, monitor indicators, and watch market movements closely. Traders can stay updated on the latest Intel options trades through real-time alerts from Benzinga Pro.
Overall, the recent bearish sentiment from wealthy investors towards Intel indicates a significant shift in market dynamics. It will be crucial to monitor further developments in Intel’s options activities and overall performance to gain a better understanding of the company’s future prospects.
Article Source
https://www.benzinga.com/insights/options/24/07/39576817/behind-the-scenes-of-intels-latest-options-trends