Intel Options Traders Pile Into $5.3M Put Position as INTC Slips Near 52-Week Highs
By TrendSpider Editor
A dominant bearish options position is drawing attention in Intel Corporation, with a single $95 put contract expiring January 15, 2027 commanding $5,310,000 in premium out of $5,631,552 in total unusual options activity Monday. INTC shares are trading at $108.17, down 0.55% on the session, sitting
Intel Options Traders Pile Into $5.3M Put Position as INTC Slips Near 52-Week Highs
A dominant bearish options position is drawing attention in Intel Corporation, with a single $95 put contract expiring January 15, 2027 commanding $5,310,000 in premium out of $5,631,552 in total unusual options activity Monday. INTC shares are trading at $108.17, down 0.55% on the session, sitting in the upper half of its 52-week range of $18.97 to $132.75. The concentration of put activity relative to zero call-side unusual flow suggests institutional traders may be positioning for a meaningful pullback over the next several months.
Key Drivers of the INTC Stock Move
- Main Catalyst: Three unusual options contracts were flagged today totaling $5,631,552 in premium. The dominant trade is a PUT at the $95 strike expiring January 15, 2027, with a size of 3,000 contracts and open interest fill of 91%, signaling this strike is heavily loaded relative to existing open interest. Zero calls were flagged, making this an entirely put-sided unusual flow event.
- Bull Case: INTC is trading at $108.17, more than 470% above its 52-week low of $18.97, reflecting a dramatic recovery over the past year. The $95 put strike sits roughly 12% below the current price, meaning the stock would need to lose significant ground before those contracts move into the money. The single call contract flagged at $195 strike expiring June 18, 2026 represents some residual upside positioning, though with a modest $43,450 in premium.
- Bear Case: The sheer weight of the $5,310,000 put premium at the $95 strike is difficult to ignore. The 91% open interest reading on that contract suggests the position is large relative to what was already established, pointing to fresh, aggressive bearish conviction. An additional put at the $70 strike expiring August 21, 2026 adds another $278,102 in downside exposure, reinforcing a multi-layered bearish thesis across different time horizons.
Intel has staged one of the more dramatic recoveries in the semiconductor space over the past 52 weeks, but Monday's options flow introduces a note of caution heading into the second half of 2026. The January 2027 expiry on the dominant put contract gives traders roughly eight months for their thesis to play out, suggesting this is not a short-term tactical trade but rather a longer-dated macro or fundamental bet against the stock. Intel continues to navigate a complex restructuring and competitive landscape against AMD and NVIDIA in both CPU and AI accelerator markets, and any stumble in execution or guidance could quickly erode the gains built into the current price. Traders watching INTC should note that the total put-to-call premium ratio in today's unusual flow is overwhelmingly skewed bearish, with puts accounting for more than 99% of total flagged premium.
INTC Unusual Options Activity
- Contract 1: CALL | Strike: $195 | Expiry: June 18, 2026 | Volume: 1,580 | Open Interest: 22% OTM
- Contract 2: PUT | Strike: $95 | Expiry: January 15, 2027 | Volume: 3,000 | Open Interest: 91% OTM
- Contract 3: PUT | Strike: $70 | Expiry: August 21, 2026 | Volume: 982 | Open Interest: 50% OTM
Total unusual contracts flagged: 3. Total premium across all contracts: $5,631,552. Call-side contracts: 0. Put-side contracts: 3. The net directional lean of today's unusual options activity is firmly bearish, with all meaningful premium concentrated in out-of-the-money puts spanning August 2026 through January 2027.
INTC Seasonality
Mid-May has historically represented a transitional period for semiconductor names as the market digests spring earnings results and begins pricing in second-half demand trends. With INTC having made a substantial run off its 52-week lows, the summer months could bring increased volatility as investors reassess whether the recovery is sustainable into year-end.
INTC Relative Performance
At $108.17, INTC is trading near the upper portion of its 52-week range of $18.97 to $132.75, indicating strong relative performance on an annual basis. The 0.55% decline today is a modest pullback in the context of that broader recovery, though the bearish options flow suggests some market participants believe the stock's current elevation may not hold through early 2027.
More on INTC
- Intel Sees Bullish Unusual Options Activity as Calls Dominate With Over $1M in Total Premium
- Intel Options Traders Flag Downside Risk With $1M Put Contract as INTC Holds Near $88
- Intel Put Contracts Total $3.3M as Stock Slides to $90 on Unusual Options Activity
- Intel Stock Drops Nearly 8% Tuesday, Falling Toward the Lower End of Its 52-Week Range
- Intel Options Traders Bet Big With $2.85M in Call Premium as INTC Climbs to $103.81
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