Intel closed at $97.14, down 0.05%.

Intel’s options market showed a heavy emphasis on premium selling, headlined by an $8.15 million short straddle at the $130 strike expiring in 2027. A separate $2.41 million sale of the $75 put for late 2027 added a cautious income component. While the put sale leans moderately bullish, the oversized volatility-selling structure kept the broader block-trade tone defensive.

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Options Indicators

INTC’s implied volatility is 62.56%, while its IV percentile is 20.72%, indicating that although the absolute IV level is not low, it sits near the lower end of its own historical range. In other words, current option pricing is relatively cheap versus where INTC options have typically traded, and with the IV/HV ratio at 1.03, implied volatility is broadly in line with realized volatility rather than showing a major premium.

The Call/Put volume ratio is 1.74.

Large Trades

A premium-selling combination worth $8.15 million was the largest displayed trade, consisting of a short 130.0 put and a short 130.0 call expiring on 2027-06-17. Because it includes both a Sell Put and a Sell Call, this is best read as a short straddle-style spread strategy rather than a synthetic structure, and its size should be measured by the provided net credit of $8.15 million. With the stock reference price at 97.14, the 130.0 put was in the money while the 130.0 call was out of the money, showing the trader sold volatility aggressively at the same strike and collected substantial premium upfront. Strategically, this points to a volatility-selling stance that benefits if INTC does not make an extreme move over time, though the in-the-money short put also adds meaningful downside assignment risk.

A put sale worth $2.41 million was the other displayed large trade, involving the sale of 2,000 contracts of the 75.0 put expiring on 2027-12-17. With the strike well below the current stock price of 97.14, this put was out of the money, making it a moderately bullish income-oriented trade. The seller is effectively expressing confidence that INTC can stay above 75.0 into expiration, while collecting premium and potentially accepting shares at a lower effective entry point if assigned. Overall, the large-order flow leans bearish. Although there was notable put-selling activity that reflects willingness to own weakness and harvest premium, the broader block-trade profile was dominated by premium-selling and bearish-leaning structures, indicating the market is cautious on upside and more focused on fading volatility than chasing a strong bullish breakout.

Strategy Reference

For traders seeking a low assignment probability in the same income-selling vein, consider selling the $75.00 put in a nearer monthly expiration rather than the 2027 cycle, or use a bullish put spread such as selling the $75.00 put and buying the $65.00 put to cap margin and tail risk without deploying the full capital of a naked short put.