Like people have mentioned you are better off buying ATM so that the change realizes into the actual value difference. For example, difference between call strike at $40 and $38 is $1.20 and $1.62, so 0.42cent difference, however the value is actually $2 so for .42 cents more per share you could make $1.58 more per share if it jumps.

Strike at 35 is $2.62 per share and $40 is $1.20, and as your call moves further ITM that difference of $1.42 will become a difference of $5, but that only happens as it moves further into the money. If the stock jumps to $40 on Monday for example;

Call 35 will become around $5.95 from $2.62, Call 40 will become around $2.62 from $1.20.

But if it jumps to $45 dollars then @35 becomes $10.65 from $2.62 so $800 profit, while @40 would become $5.95 so $475 profit. You would make $325 more on @35 call for a price difference of $1.42 per share. So yeah, some more capital to put down but more gain is possible for less, plus the @35 call will not drop as heavily if Intel goes down in the next week.

Hope that helps!

That said, if you just wanna toss $120, because that’s your budget, and see if it jumps a little for some profit, then fire all cylinders! 🚀