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INTC

Intel CorporationClose $62.38EOD only

Max Pain

$48.00

Next expiry Apr 17, 2026

Expected Move

±$4.31

6.9% from close

Price Gap

-14.38

Distance to max pain

IV Rank

High premium

P/C OI

0.94

Balanced positioning

Consensus

5.5/10

Consensus signal

Published snapshot: Apr 10, 2026 close

End-of-day snapshot

This page reflects INTC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Apr 10, 2026 close

INTC Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 6, 2026. A newer directional report is available for April 10, 2026.

View latest report

Outlook

Neutral-to-bearish with downside gravity toward $47-$45. Confidence: 7/10 (base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.0% from MP). Strongest signals: GEX +$153.3M (pinning), max pain ladder falling ($47 → $40), net premium +$19.8M (bullish flow). Conflicts: Spot above MP by 8.0% creates pull risk, IV 71.2% high.

Confidence:

7 / 10

Base 7; GEX pinning and flow support, but spot-MP divergence and high IV limit upside conviction.

Supports: GEX +$153.3M (pinning), net premium +$19.8M (bullish), max pain $47-$45 ladder.
Conflicts: Spot 8.0% above MP ($50.78 vs $47), IV 71.2% high, P/C volume 1.07 (balanced).

📊GEX +$153.3M pins near $50-$55.

📉Max pain ladder falling from $47 to $40.

💰Net premium +$19.8M bullish flow.

Regime Classification

Vol Regime

High

IV 71.2% vs sector — high vol, favors selling premium.

Gamma Regime

Pinning

GEX +$153.3M concentrated at $50-$55, pinning spot.

Flow Regime

Mixed

Net prem +$19.8M bullish; P/C vol 1.07 balanced.

Spot vs Max Pain

Above

Spot $50.78 above MP $47 by 8.0%.

Thesis duration: Multi-week — Max pain ladder trends down ($47 → $40), GEX sign stable positive, flow regime consistent across expirations.

Price Range Forecast

Next 2 weeks

$44.03$57.53

Max pain $47 dominates; >$55 invalidates.

Key Levels

Max pain pins: $47 (2026-04-10); $45 (2026-04-17); $42 (2026-04-24)

EM guardrails:

Support: $50.00 · $47.00 · $45.00

Resistance: $55.00 · $52.50 · $52.00

Structural: Call OI $55-$70 caps upside; put floor $30-$30 distant.

Dealer Positioning (GEX/DEX)

GEX: $+153.3M

DEX: +161.9M shares

Gamma flip: N/A

NTM gamma: GEX +$26.3M at $50, +$13.9M at $55; dealer hedging buys dips, sells rallies.

IV Analysis

IV vs VIX: IV 71.2% — high, cheap to sell.

Term structure: Humped — 4/24 74.9% > 4/17 64.8% (earnings kink).

Skew: 4/24 vs 4/17 ~10 vol-pt differential.

Flow Analysis

Net premium: +$19.8M bullish; P/C vol 1.07 balanced.

Directional prints: put 50 OTM 2026-04-24 — Vol 7,311 vs OI 704 (10.4x) — likely bought for protection. put 51 ITM 2026-04-17 — Vol 1,411 vs OI 103 (13.7x) — likely sold for premium.

Unusual: 64.7 call 80 OTM 2026-11-20 — Vol 8,086 vs OI 846 (9.6x) — long-dated lottery.

Risks & Catalysts

!Earnings 4/23 vol crush risk

!Gamma pin breaks below $47

!High IV 71.2% may compress

!MP ladder falling accelerates downside.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Long stock	Moderate-Weak	Avoid — spot above MP, high IV.	Downside gravity to $47.
Short stock	Moderate	Short at $52 resistance.	GEX pinning holds above $50.
Covered call	Moderate-Strong	Own shares, sell $55 call 4/17.	IV crush post-earnings.
Cash-secured put / put spread	Strong	Sell $47/$45 put spread 4/17.	Break below $45.
Long calls	Weak	Avoid — high IV, spot above MP.	IV crush and pin drag.
Long puts / bear put spreads	Moderate-Strong	Buy $50/$47 put spread 4/17.	GEX pinning holds.
Iron condor	Moderate-Strong	$47/$45P x $55/$57C 4/17.	Earnings vol expansion.
Calendar/diagonal	Moderate	Sell 4/24 74.9% IV, buy 4/17 64.8% IV regular calendar at $50.	Earnings skew mispricing.
PMCC / LEAPS diagonal	Moderate	Buy 2027-03-19 $40 call, sell 4/17 $55 call.	Time decay on short leg.

Top Plays

Put Spread

Sell $47/$45 put spread 4/17.

Defined-risk premium below MP with GEX support.

Credit: $0.45-$0.55

Max loss: $1.55

BE: $46.55

Mgmt: Close at 70% max profit; stop if spot <$45.

Premium sellers betting pin holds above $47.

Iron Condor

$47/$45P x $55/$57C 4/17.

Range-bound trade between MP $47 and call OI $55.

Credit: $0.65-$0.80

Max loss: $1.35

BE: $46.35

Mgmt: Close at 50% max profit; adjust if spot breaches $45 or $55.

Neutral traders selling high IV.

Bear Put Spread

Buy $50/$47 put spread 4/24.

30+ DTE captures multi-week MP drift to $42 with earnings hedge.

Debit: $1.20-$1.40

Max loss: $1.80

BE: $48.80

Mgmt: Hold through earnings; take profit at 100% return.

Directional bears needing time for thesis.

Watchlist Triggers

Entry Triggers

IFSpot tags $52 resistance, holds 1 hour. → Sell $55/$57 call spread 4/17.

IFIV >75% on 4/24 expiry. → Sell 4/24 $50 straddle.

Exit Triggers

EXITSpot >$55. → Exit all bearish positions.

EXITMax profit reached on credit spreads. → Close position.

Tactical Summary

Primary thesis: bearish drift toward $47-$45 MP ladder, with GEX pinning limiting moves. Invalidation: spot >$55. Regime favors selling premium in range. Top plays: put spread (premium sellers), iron condor (neutral), bear put spread (directional bears).

Read the Directional analysis for INTC for 2026-04-06. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.