Intel closed at $115.93, down 0.09 percent.

Large options trades leaned decisively bullish, led by a $2.36 million out-of-the-money put sale at the June 2027 $80.00 strike and a $1.15 million call purchase at the November 2026 $140.00 strike. The combination of collecting premium far below spot and buying upside optionality above spot points to confidence in Intel's long-term support and upside potential.

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Options Indicators

Intel’s implied volatility is 69.83%, while its IV percentile stands at 50.20%, placing current volatility conditions in a neutral range rather than an extreme one. With the IV/HV ratio at 0.95, implied volatility is broadly in line with recent realized movement, suggesting options are fairly priced overall rather than notably cheap or expensive.

The Call/Put volume ratio is 2.27.

Large Trades

A put sale worth $2.36 million was the largest displayed trade, with 3,500 contracts of the June 17, 2027 $80.00 put sold out-of-the-money against a $115.93 stock reference. This is a bullish cash-secured-style expression, as the seller is collecting premium while signaling willingness to own Intel at a much lower effective entry level if assigned. The deep out-of-the-money strike and long-dated tenor suggest confidence that shares can stay well above $80.00 over time, making this a premium-collection trade with a constructive outlook rather than an outright near-term upside chase.

A call purchase worth $1.15 million was the other standout trade, with 2,036 contracts of the November 20, 2026 $140.00 call bought out-of-the-money. This is a clearly bullish directional bet, using long calls to gain upside exposure above the current stock reference while limiting risk to the premium paid. Because the strike sits meaningfully above spot and the expiration is long-dated, the buyer appears to be positioning for a substantial upside move over an extended horizon rather than a short-term tactical pop.

Overall, the large-trade flow was decisively bullish. The biggest premium concentration came from out-of-the-money put selling and upside call buying, a combination that points to investors leaning constructive on downside stability while also seeking participation in a longer-term rally. Even though there was some call selling elsewhere in the tape, the dominant character of the bulk orders favored premium collection on lower strikes and upside optionality on higher strikes, indicating confidence that Intel can remain supported and potentially grind higher from here.

Strategy Reference

For a low assignment probability, a seller could consider an out-of-the-money put spread such as selling the June 2027 $80.00 put while buying a lower strike, reducing margin requirements while still expressing a bullish-to-neutral view on Intel.