Looking At Intel's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Intel (NASDAQ:INTC) with 58% of detected unusual options trades being bearish. Whales have been targeting a price range of $27.5 to $40.0 for Intel over the last 3 months. Intel's stock price is up 1.3% at $33.43, with RSI indicators suggesting it may be approaching overbought.
June 26, 2023 | 3:46 pm
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Intel has seen unusual options activity with a bearish stance. The stock price is up 1.3% at $33.43, and RSI indicators suggest it may be approaching overbought.
The bearish stance taken by a whale in Intel's options trading indicates a potential negative impact on the stock price in the short term. Additionally, RSI indicators suggest that the stock may be approaching overbought, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100