Intel Unusual Options Activity For September 11
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Intel (NASDAQ:INTC) has been observed through unusual options activity. The sentiment among these big-money traders is split between 51% bullish and 48% bearish. The whales have been targeting a price range from $15.0 to $50.0 for Intel over the last 3 months. The price of INTC is up 1.33% at $38.52, and RSI indicators suggest that the stock may be approaching overbought.
September 11, 2023 | 7:30 pm
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Intel has seen significant unusual options activity, indicating a bullish stance among big-money traders. The stock price is up 1.33% at $38.52, and it may be approaching overbought according to RSI indicators.
The unusual options activity indicates that big-money traders are taking a bullish stance on Intel. This could potentially drive the stock price up in the short term. However, the RSI indicators suggest that the stock may be approaching overbought, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100