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INTC

Intel CorporationClose $107.92EOD only

Max Pain

$107.00

Next expiry Jun 12, 2026

Expected Move

±$8.00

7.4% from close

Price Gap

-0.92

Distance to max pain

IV Rank

High premium

P/C OI

1.02

Balanced positioning

Consensus

7.0/10

Range bias

Published snapshot: Jun 9, 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

Jun 9, 2026 close

INTC Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Neutral-to-bullish bias as strong dealer gamma ($59.6M) pins spot near $107 max pain through weekly expiry. High vol regime and mixed flow suggest range trade within 2d EM guardrails ($99.92-$115.92). Upside potential toward $115.92 resistance if market stabilizes.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive; +1 spot 0.9% from MP; +0.5 VIX 20

Supports: Positive GEX, spot at MP, pinning gamma
Conflicts: Mixed flow, market weakness (QQQ -1.15%)

🎯Spot at $107.23 within 1% of max pain $107; strong pinning effect

📊GEX +$59.6M with no gamma flip; dealers long gamma

⚠️Mixed flow and high vol regime warrant caution

Regime Classification

Vol Regime

High

IV is elevated due to structural uncertainty and market weakness; high vol regime suggests potential for large moves but pinning confines near-term action.

Gamma Regime

Pinning

Dealer gamma positive ($59.6M) with pinning at $107; strong attraction to max pain through weekly expiry.

Flow Regime

Mixed

Net premium mixed; put flow balanced by call buying, no clear directional conviction.

Spot vs Max Pain

Spot at $107.23 vs max pain $107 (0.9% diff); enhances pinning and dealer hedging.

Thesis duration: Event-specific — Weekly expiry on 2026-06-12 creates near-term pinning; beyond expiry, structural levels define broader range.

Price Range Forecast

Next 2 days

$99.92$115.92

Pinning gamma near $107; range $99.92-$115.92 likely respected

Next 1 week

$95.47$120.37

Post-expiry upside potential toward $120.37 if support holds

Next 2 weeks

$91.79$124.04

Structural uncertainty; $91.79 support and $124.04 resistance key

Key Levels

Max pain pins: $107 (2026-06-12); $50 (2026-06-18); $112 (2026-06-26)

EM guardrails: 2d $99.92/$115.92; 1w $95.47/$120.37

Support: $107.00 · $91.79

Resistance: $124.04

Structural: Max pain: $107 (Jun 12), $50 (Jun 18), $112 (Jun 26). EM guardrails: 2d $99.92-$115.92; 1w $95.47-$120.37. Support $107, $91.79; resistance $124.04.

Dealer Positioning (GEX/DEX)

GEX: $+59.6M

DEX: +199.2M shares

Gamma flip: N/A

NTM gamma: GEX +$59.6M, DEX +199.2M shares, no gamma flip within 30% below spot.

IV Analysis

IV vs VIX: IV elevated relative to VIX 19.87; high vol regime implies premium for event risk or mean reversion.

Term structure: Steep near-term due to weekly expiry; backwardation expected post-expiry as vol normalizes.

Skew: Put skew elevated; consider selling puts at $100 support for premium capture.

Flow Analysis

Net premium: Net premium positive at $61.3M, call-heavy with P/C volume ratio 0.93, indicating bullish bias.

Directional prints: 98.1 call 101 ITM 2026-06-12 — Vol/OI 6.2, aggressive call buying; likely long calls. 91.4 call 107 ITM 2026-06-12 — Vol/OI 5.4, strong call demand; favors bullish momentum. 89.9 call 115 OTM 2026-06-12 — Vol/OI 3.0, largest volume; likely bought calls, bullish speculation.

Unusual: 89.4 put 104 OTM 2026-06-12 — Vol/OI 4.1, elevated put activity; could be hedging or bearish bets. 88.7 put 106 OTM 2026-06-12 — Vol/OI 4.0, unusual put buying; potential downside protection. 88 put 109 ITM 2026-06-12 — Vol/OI 3.0, large put volume; may reflect skepticism of upside.

Risks & Catalysts

!Breakout above $115.92 could trigger short covering rally.

!Break below $99.92 invalidates pinning thesis, opens downside to $95.47.

!Market sell-off (QQQ -1.15%) may override dealer support.

!Unexpected news/gap beyond EM guardrails.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-08-21 $105.00/$115.00 call spread Why now: High dealer gamma pins spot; bullish flow supports a move toward upper EM guardrail; limited downside with spread.	Breakout above $115.92 may cause assignment on short call; max loss is net debit paid. Substitutions: long_call: resolved contract 2026-08-21 $107.00 missing; used 2026-08-21 $105.00.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $100.00/$97.50 put spread Why now: Strong dealer gamma support near $100; max pain at $107; bearish downside limited.	Break below $100 could cause max loss; undefined tail risk but spread limits. Substitutions: long_put: resolved contract 2026-08-21 $98.00 missing; used 2026-08-21 $97.50.

Top Plays

Bull call spread on pin

Buy 2026-08-21 $105.00/$115.00 call spread

Momentum play targeting $115.92 resistance.

Why this play: Outranks due to bullish flow and dealer gamma support, offering upside with limited risk.

Debit: $3.62-$4.43

Max loss: $4.43

BE: $109.43

Mgmt: Exit if spot breaks below $107 support or near target.

Traders expecting a slow grind up toward upper guardrail.

Put credit spread on support

Sell 2026-08-21 $100.00/$97.50 put spread

Collects premium with high probability of success due to pinning.

Why this play: Lower risk alternative capitalizing on dealer gamma near $100, suitable for sideways to slightly bullish.

Credit: $1.06-$1.29

Max loss: $1.21

BE: $98.71

Mgmt: Close early if spot falls below $100.

Traders wanting theta decay with defined risk.

Watchlist Triggers

Entry Triggers

IFSpot holds above $107 support with upward momentum → Buy 2026-08-21 $105.00/$115.00 call spread within $3.62-$4.43

IFSpot stays between $100 and $107 with dealer gamma support → Sell 2026-08-21 $100.00/$97.50 put spread within $1.06-$1.29

Exit Triggers

EXITSpot breaks below $107 → Exit bull call spread to limit losses

EXITSpot falls below $100 → Exit put credit spread to prevent losses

Tactical Summary

INTC pinned near $107 max pain via $59.6M dealer gamma. Neutral-to-bullish bias, range $99.92-$115.92 (2d EM). Key support $107, resistance $124.04. Ranked plays: bull call spread targeting $115.92 and put credit spread selling $100/$97.5 put for theta decay. Risk: break below $107 opens downside to $95.47.

How to Use These Reports

This directional reflects the market close on June 9, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.