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INTC

Intel CorporationClose $124.57EOD only
Max Pain
$50.00
Next expiry Jun 18, 2026
Expected Move
±$11.80
9.5% from close
Price Gap
-74.57
Distance to max pain
IV Rank
100
High premium
P/C OI
1.05
Balanced positioning
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
INTC Directional Report
Analysis based on market close June 11, 2026
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Outlook

Bullish bias near support, but capped by resistance at $120 and gamma pinning. Spot ($118) above MP ($106), suggesting upward pressure, but 10.3% deviation and mixed flow warrant caution. Multi-week thesis favors grind higher within $106-$122 range, with catalyst from GEX pinning and low VIX.

Confidence:
7.5 / 10
Base 5; +2 GEX/flow aligned; +1 GEX positive (pinning); -1 spot 10.3% from MP; +0.5 VIX 19
Supports: Strong GEX ($+118M), positive dealer gamma, pinning near max pain, low VIX
Conflicts: Spot far above MP, mixed flow, resistance at $120 and $133.56, gamma flip at $105
📌Max pain $106 (Jun12) and $110 (Jun26) pinning spot, but $118 current is above.
⚡Gamma flip at $105 (~10% below spot) – put OI 22.5k warns of rapid selling if breached.
📈2d resistance $122.20 – break above opens $128.78; failure risks reversion to $106.
🛡️2d support $111.71 – dealer gamma positive below, but flow mixed.

Regime Classification

Vol Regime
High
High vol environment: IV elevated vs realized, driven by earnings/event uncertainty. VIX at 19.44 supports but does not cap.
Gamma Regime
Pinning
Pinning gamma: $+118M GEX with positive dealer gamma near $106-$110. Spot above MP, but gamma flips negative at $105.
Flow Regime
Mixed
Mixed flow: net premium context unclear, put/call ratio balanced but recent call buying noted (from GEX).
Spot vs Max Pain
Above
Above MP: spot $118 is 10.3% above $106 MP, indicating bullish sentiment but potential for mean reversion.
Thesis duration: Multi-week — Price ranges extend 2 weeks, structurally supported by GEX and key levels. Event-specific catalysts (earnings) not imminent.

Price Range Forecast

Next 2 days
$111.71$122.20
Inside $111.71-$122.20; pinning at $106 keeps lower bound, resistance at $120.
Next 1 week
$105.13$128.78
Wider range $105.13-$128.78; gamma flip at $105 and resistance at $120 favor pullback.
Next 2 weeks
$100.36$133.56
Range $100.36-$133.56; structural GEX support and upward drift potential post-consolidation.

Key Levels

Max pain pins: $106 (2026-06-12); $50 (2026-06-18); $110 (2026-06-26)
EM guardrails: 2d $111.71/$122.20; 1w $105.13/$128.78
Support: $106.00 · $100.36
Resistance: $120.00 · $133.56
Gamma flip: ~$105.00 — Approx — based on put OI concentration of 22,593 (10.2% below spot)
Structural: Support: $106 (max pain, Jun12), $100.36 (2w low). Resistance: $120 (current cap), $133.56 (2w high). Gamma flip: $105 (put OI 22.5k). EM guardrails: 2d $111.71-$122.20; 1w $105.13-$128.78.

Dealer Positioning (GEX/DEX)

GEX: $+118.2M

DEX: +207.8M shares

Gamma flip: ~$105 (Approx — based on put OI concentration of 22,593 (10.2% below spot))

NTM gamma: GEX +$118.2M (positive), dealer long gamma near $106-$110. Gamma flip at ~$105 (approx based on put OI 22,593 contracts). DEX +207.8M shares.

IV Analysis

IV vs VIX: Ticker IV is rich relative to VIX (19.44), indicating stock-specific event premium. Elevated vol suggests optionality is expensive for longs but offers premium selling opportunities near key strikes.

Term structure: Likely in contango (further expiries higher IV) due to event uncertainty; near-term IV elevated by pinning. Watch for flattening post-expiration.

Skew: Skew is put-heavy (gamma flip at $105). Opportunity: sell out-of-the-money puts below $105 for premium, or buy call spreads to capture upside with defined risk.

Flow Analysis

Net premium: Net premium $238.8M positive, P/C vol ratio 0.82 (more calls), OI ratio 1.03 (slight put OI). Implies overall bullish flow but with heavy put activity.

Directional prints: 76.6 put 114 OTM 2026-06-12 — Vol/OI 45.4x; huge relative volume. Possibly bought puts for downside hedge or bearish speculation. Could also be sold. Preferred read: bearish buying. 88 call 126 OTM 2026-06-18 — Vol/OI 14.7x; OTM call buying. Likely bullish anticipation. Alternatively sold for premium. Preferred: bullish.

Unusual: 74.9 put 116 OTM 2026-06-12 — Vol/OI 30.8x; above 10% OI. Likely bought puts for downside. Could be sold. Preferred: bearish. 77.2 put 113 OTM 2026-06-12 — Vol/OI 26.5x; heavy relative volume. Possible put buying. Alternatively sold. Preferred: bearish. 82.9 put 110 OTM 2026-06-12 — Vol/OI 8.3x but massive 30k volume vs 3.6k OI. Likely bought puts. Possible hedging. Preferred: bearish.

Risks & Catalysts

!Gamma flip at $105: if spot drops, dealer hedging accelerates sell-off.
!Mixed flow: conflicting signals from options activity could reduce conviction.
!Resistance at $120: repeated rejection may trap bulls and trigger mean reversion to $106.
!Earnings or macro shock: high vol environment amplifies moves beyond ranges.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Put credit spreadModerate
Sell 2026-07-17 $105.00/$92.50 put spread
Why now: Spot at $118 above MP $106, bullish flow but capped at $120; sell puts at support for theta decay.
Gap down below $106 accelerates gamma flip; risk of max loss if support breaks.
Bull call spreadModerate
Buy 2026-07-17 $115.00/$130.00 call spread
Why now: Positive net premium, call flow dominant, but resistance at $120 caps upside; spread reduces cost.
If spot fails to rally, premium decay; resistance holds and spread expires worthless.
Iron condorModerate-Weak
Sell 2026-07-17 $97.50/$85.00 put wing and $155.00/$160.00 call wing
Why now: Thesis expects range within support and resistance; low volatility environment favors premium selling.
Breakout beyond wings causes max loss; gamma pinch if spot moves sharply.

Top Plays

#1
Bullish Put Credit Spread
Sell 2026-07-17 $105.00/$92.50 put spread
Sells put spread to profit from time decay if support holds.
Why this play: Best fits bullish bias near support; sell put spread below spot.
Credit: $3.20-$3.91
Max loss: $8.59
BE: $101.09
Mgmt: Close at 50% gain or stop at $106.
Bullish traders expecting limited downside.
#2
Capped Bull Call Spread
Buy 2026-07-17 $115.00/$130.00 call spread
Buys call spread leveraging positive flow.
Why this play: Bullish but capped at $120; spread reduces cost.
Debit: $4.99-$6.10
Max loss: $6.10
BE: $121.10
Mgmt: Exit below $115 or near $120.
Aggressive bulls accepting capped gains.
#3
Wide Iron Condor
Sell 2026-07-17 $97.50/$85.00 put wing and $155.00/$160.00 call wing
Sells wide wings for premium with low risk.
Why this play: Range-bound play in low vol; wings far OTM.
Credit: $2.58-$3.15
Max loss: $9.35
BE: 94.35 / 158.15
Mgmt: Hold to expiry or close at 75% gain.
Neutral traders expecting stagnation.

Watchlist Triggers

Entry Triggers
IFIf spot holds above $106 support and put flow bullish, enter put credit spread. → Sell 2026-07-17 $105/$92.5 put spread.
IFIf spot holds above $106 and rebounds, enter bull call spread. → Buy 2026-07-17 $115/$130 call spread.
IFIf spot stays within $106-$120 range, enter wide iron condor. → Sell 2026-07-17 $97.5/$85 put wing and $155/$160 call wing.
Exit Triggers
EXITIf spot closes below $106, exit put credit spread. → Close put credit spread.
EXITIf spot rejects $120 with volume, exit bull call spread. → Close bull call spread.

Tactical Summary

Bullish near support $106, capped at $120. Multi-week $106-$122 range. Use put credit spread for downside, bull call for momentum, iron condor for range. Exit if $106 breaks.
How to Use These Reports
This directional reflects the market close on June 11, 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.

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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.