This Is What Whales Are Betting On Intel
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a predominantly bearish sentiment towards Intel (NASDAQ:INTC), with 83% of detected trades being bearish. The trades span a price window of $40.0 to $60.0. Notable options activity includes both puts and calls with bearish sentiment, highlighting significant trades with expiration dates in 2025 and strike prices ranging from $47.00 to $55.00. Intel's current market status shows a slight decrease in stock price to $42.65, with a neutral RSI and an upcoming earnings report in 41 days. Analysts have mixed views on Intel, with an average price target of $38.25 and ratings ranging from Neutral to Sell.
March 15, 2024 | 2:16 pm
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Intel shows a bearish trend in options trading with a significant volume of bearish trades. The stock price slightly decreased to $42.65, with a neutral RSI. Analysts have mixed views, setting an average price target of $38.25.
The bearish sentiment in options trading, combined with the slight decrease in stock price and the upcoming earnings report, suggests a potential short-term negative impact on Intel's stock price. The mixed analyst ratings and the average price target below the current stock price further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100