Looking At Intel's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Intel (NASDAQ:INTC) has been spotted, with 12 uncommon options trades identified. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $23.0 to $34.0 for Intel over the last 3 months.
June 02, 2023 | 2:48 pm
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A large bearish position has been identified in Intel's options, with 58% of big-money traders being bearish. This could indicate potential downward pressure on the stock in the short term.
The article highlights a large bearish position in Intel's options, with 58% of big-money traders being bearish. This indicates that there is a significant amount of money betting on Intel's stock price to decline in the short term. This bearish sentiment could put downward pressure on the stock price, making it more likely to decrease in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100