Intel closed at $102.94, up 2.61%.

INTC attracted notable options activity, highlighted by a $24,200 out-of-the-money call sale at the $120.00 strike for September 2026 expiration. While that single trade was bearish to neutral, broader block flow leaned bullish, with put-selling activity supporting constructive positioning and bullish premium outweighing bearish premium. The mixed but modestly positive tape suggests investors see stability to upside rather than a sharp bearish move.

>>>Start OPTIONS trading & earn up to SGD 200 in rewards!

Options Indicators

INTC’s implied volatility is 59.00%, while its IV percentile is just 12.35%, indicating that although the absolute IV level is not low, it sits near the bottom of its own historical range. In other words, current option pricing is on the cheap side relative to where INTC options have typically traded, and with the IV/HV ratio at 1.03, implied volatility is only slightly above realized volatility, suggesting option premiums are broadly aligned with recent actual movement rather than carrying a large volatility premium. The Call/Put volume ratio is 1.77.

Large Trades

A call sale worth $24,200 was the highlighted displayed large trade, with 1,343 contracts sold at the $120.00 strike for expiration on 2026-09-18. With INTC referenced at $102.94, this call was out of the money at the time of the trade. The positioning is bearish to neutral in tone, as selling an out-of-the-money call typically expresses a view that the stock is unlikely to rally above the strike by expiration, while also aiming to collect premium from time decay. Strategically, this kind of trade often reflects capped-upside expectations rather than an outright aggressive downside bet.

Overall, the large-order flow leans bullish on balance. While the displayed trade itself was a modest bearish call sale, the broader block activity showed stronger constructive positioning, with bullish premium outweighing bearish premium and including support from put-selling activity that generally signals willingness to own shares lower or confidence that the stock can hold above key levels. Taken together, the figures suggest investors are moderately positive on INTC’s outlook, with sentiment favoring stability to upside rather than a sharp bearish move.

Strategy Reference

For a low assignment probability, sellers may consider the $120.00 strike call from the displayed trade, though with IV percentile near 12.35% the premium collected is historically thin; alternatively, a bull put spread using the $95.00/$90.00 strikes could express the put-selling confidence while capping margin and downside risk.