Looking At Intel's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Intel (NASDAQ:INTC), with a bearish stance being taken by a majority of investors. Of the 13 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $92,739 and for calls was $1,450,728. Whales have been targeting a price range from $30.0 to $36.0 for Intel over the last 3 months. Several experts have downgraded their ratings on Intel, with price targets ranging from $27 to $39.
July 20, 2023 | 2:03 pm
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Intel has seen unusual options activity, with a majority of investors taking a bearish stance. Whales have been targeting a price range from $30.0 to $36.0 for Intel over the last 3 months. Several experts have downgraded their ratings on Intel.
The bearish stance taken by a majority of investors in the unusual options activity, along with the downgraded ratings by several experts, suggests a potential negative impact on Intel's stock price in the short term.
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