Intel Unusual Options Activity For August 15
Portfolio Pulse from Benzinga Insights
Intel has seen unusual options activity with a significant bearish sentiment. Analysis of 14 trades revealed 64% bearish and 14% bullish tendencies. The major market movers are focusing on a price range between $16.0 and $24.0. Intel's stock is currently up 2.33% at $20.39, with RSI indicators suggesting it may be oversold.
August 15, 2024 | 3:02 pm
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Intel has experienced unusual options activity with a predominant bearish sentiment. The stock is currently trading at $20.39, up 2.33%, but the options market indicates a focus on a price range between $16.0 and $24.0.
The significant bearish sentiment in the options market, with 64% of trades being bearish, suggests a potential downward pressure on Intel's stock price in the short term. The focus on a price range between $16.0 and $24.0 further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100