Intel closed at USD 119.33, down 0.56%.

The session’s notable flow included a $10.98 million long-dated call purchase at the $125.00 strike and a $1.05 million out-of-the-money put sale at the $85.00 strike, both indicating a bullish institutional bias. The call buyer is positioning for sustained upside by June 2028, while the put seller expects price stability or moderate gains through February 2027, reinforcing confidence that Intel can hold above lower support levels.

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Options Indicators

Intel’s implied volatility stands at 67.42%, while its IV percentile is 41.04%, which places current volatility in a neutral range rather than at an extreme. In other words, although the absolute IV level is fairly high, relative to its own historical range Intel’s options are not especially cheap or expensive at the moment, and the IV/HV ratio of 0.91 suggests implied volatility is running slightly below historical realized volatility. The Call/Put volume ratio is 1.32.

Large Trades

A call purchase worth $10.98 million was the standout large trade of the day, with buyers taking 2,500 contracts of the June 16, 2028 $125.00 call. With INTC referenced at $119.33, this strike sits out of the money, making it a clear bullish directional bet that requires upside over a long-dated horizon to pay off. The use of long-dated upside exposure suggests the trader is positioning for a sustained appreciation scenario rather than a short-term move, and the premium outlay signals conviction in upside potential while keeping risk limited to the premium paid.

A put sale worth $1.05 million also leaned bullish, with 3,000 contracts of the February 19, 2027 $85.00 put sold. Given the current stock reference of $119.33, the strike is out of the money, so this trade reflects a constructive stance that INTC is unlikely to fall materially below that level by expiration. Strategically, selling this downside put expresses confidence in price stability or moderate upside while collecting premium, and it can also indicate willingness to accumulate shares at an effective lower entry point if assigned.

Overall, the large-trade flow points to a bullish bias in INTC. The tone is led by aggressive upside call buying, especially the sizable long-dated $125.00 call purchase, while the notable out-of-the-money put sale reinforces confidence that downside risk is manageable and that the stock can hold comfortably above lower support levels. Taken together, the bulk orders suggest institutional positioning is tilted toward medium- to long-term upside rather than defensive hedging, indicating constructive sentiment on INTC.

Strategy Reference

For a lower assignment probability with similarly bullish lean, a put seller could consider the February 19, 2027 $75.00 strike, which sits farther out of the money relative to the $85.00 sold in the large trade; alternatively, a bull call spread using the June 2028 $125.00/$140.00 strikes would reduce upfront premium and margin versus an outright long call.