A recent surge in bullish activity towards Intel (INTC) by deep-pocketed investors has caught the attention of market players. The identity of these investors remains unknown, but their significant move in INTC options suggests that a major event may be on the horizon. Benzinga’s Options Scanner highlighted 12 unusual options activities for Intel, indicating an uptick in investor interest.
Among these notable trades, 50% of investors are bullish while 41% are bearish. The options include 4 puts totaling $431,367 and 8 calls totaling $774,535. Investors have been targeting a price range of $20.0 to $43.0 for Intel based on the volume and open interest of these contracts over the past 3 months.
Analyzing the volume and open interest trends for INTC options within a strike price range of $20.0 to $43.0 over the previous 30 days can provide insights into investor sentiment and liquidity. Major options trades spotted include both bearish and bullish sentiments, with varying expiration dates and price levels.
Intel is a leading digital chip manufacturer known for its microprocessors in the PC and data center markets. The company has also expanded into new areas such as communications infrastructure, automotive, and the Internet of Things. Intel aims to leverage its chip manufacturing capabilities through an outsourced foundry model.
Currently, INTC has a trading volume of 11,731,687 with a price increase of 0.96% to $30.91. The stock may be approaching overbought territory based on current RSI values, and the next earnings report is scheduled in 34 days. Options trading carries higher risks but also offers potential for higher profits, requiring traders to stay informed and adaptable to market changes.
For real-time alerts on the latest Intel options trades, investors can utilize Benzinga Pro. As always, investors should conduct their own research and due diligence before making any investment decisions.
In conclusion, the recent bullish activity in Intel options by elite investors signals a potential shift in market dynamics for the company. By staying informed and monitoring trends in options trading, investors can make more informed decisions about Intel and other stocks in their portfolio.
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https://www.benzinga.com/insights/options/24/06/39433295/this-is-what-whales-are-betting-on-intel