Behind the Scenes of Intel's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Options trading activity for Intel Corporation (NASDAQ:INTC) shows a bullish trend among investors, with 71% of the detected 45 trades being bullish. The trades include 10 puts worth $848,351 and 35 calls worth $2,635,466, targeting a price range of $25 to $60 over the last 3 months. The largest options spotted suggest a bullish sentiment, with significant trades for calls at strike prices of $30 and $45.50. Intel, a leading chipmaker, is currently trading at $45.55 with a potential overbought RSI indicator and an earnings announcement expected in 37 days. Analyst ratings from B of A Securities, Benchmark, and Raymond James have set target prices ranging from $48 to $52, with an average target price of $50.
December 19, 2023 | 5:01 pm
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POSITIVE IMPACT
Intel's bullish options activity and positive analyst ratings suggest a potential short-term increase in stock price, especially with an earnings announcement on the horizon.
The bullish options activity indicates that a significant number of investors are expecting the stock price to rise. The positive analyst ratings support this sentiment and provide a higher target price range which could influence investor expectations and drive short-term price movement. The upcoming earnings announcement adds to the potential for increased stock volatility and price change.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100