Intel Corporation closed at 108.60 USD, down 0.18%.

Large options orders in INTC signaled a premium-collecting bullish stance, with a $972.50 thousand bull put spread and a $1.16 million short put both defending downside below 95.00. Traders favored selling puts rather than buying directional downside exposure, suggesting confidence in the stock holding above key support levels through 2026 and 2027.

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Options Indicators

INTC’s implied volatility is 66.07%, and with an IV percentile of 37.45%, current option pricing sits in a neutral historical range rather than an especially cheap or expensive one. The IV/HV ratio of 1.10 suggests implied volatility is only modestly above realized volatility, indicating the options market is assigning a slight premium to future uncertainty, but not to an extreme degree.

The Call/Put volume ratio is 1.60, reflecting stronger call activity relative to puts in the overall order flow.

Large Trades

A bullish bull put spread with a net credit of $972.50 thousand was the largest featured trade, using the October 2, 2026 expiration and expressing a constructive view on INTC holding above lower strike support. The structure sold the 110.00 put, which is in the money versus the $108.60 reference stock price, and bought the 95.00 put, which is out of the money, making this a classic put credit spread. Because it was established for a net credit, the strategy reflects premium collection with a bullish directional bias: the trader is effectively betting that downside will remain limited and that INTC will stay firm enough for the short put exposure to decay favorably, while the long 95.00 put caps tail risk.

A single-leg short 95.00 put worth $1.16 million in the February 19, 2027 expiration was the other highlighted block, and it also points to a bullish stance. With the 95.00 strike currently out of the money relative to the $108.60 reference price, this trade suggests the seller is comfortable taking in premium on the view that INTC is unlikely to break materially below that level by expiration. Strategically, this is a positive-income, downside-tolerant position that either seeks premium capture or expresses willingness to accumulate shares at an effective level below the current market. Overall, the large-trade flow leans clearly bullish: the biggest orders were both premium-selling structures on the put side, indicating investors are more focused on defending downside levels and monetizing elevated option premium than on positioning for a sharp decline.

Strategy Reference

For a conservative premium capture with low assignment probability, a seller could consider the 85.00 put in the February 19, 2027 expiration, which sits well below the highlighted 95.00 floor; alternatively, a put credit spread such as selling the 95.00 put and buying the 85.00 put offers defined risk with substantially lower margin than a naked short put.