These long calls lock in the entry price traders must pay to buy shares. If the chip giant runs higher, the calls can deliver major leverage, but if it doesn't, those options will probably expire worthless.
Intel shares rose 0.85 percent to $25.47 Monday. Overall option volume in the name was roughtly twice its daily average.
Earnings don't come out until Jan. 19, so yesterday's call buyers are definitely looking for a move before that.
—Najarian is long INTC.
Additional News: Intel Cuts Revenue Outlook, Citing Supply Shortages
Additional Views: Sterne Agee Downgrades Intel
Options Trading School:
Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.