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INTC

Intel CorporationClose $133.99EOD only

Max Pain

$119.00

Next expiry Jun 26, 2026

Expected Move

±$13.47

10.1% from close

Price Gap

-14.99

Distance to max pain

IV Rank

100

High premium

P/C OI

1.05

Balanced positioning

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

INTC Directional Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by strong bullish flow and positive dealer gamma pinning, but elevated vol and spot ~16% above max pain introduce tail risk. Thesis favors upside drift with caution.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive (pinning); -1 spot ~16% from max pain; +1 VIX 16. Confidence accepted at 8.

Supports: Bullish flow, $196.5M positive GEX, pinning dynamics, VIX elevated but not extreme.
Conflicts: Spot ~16% above MP ($119), high vol regime, 21.6% put OI concentration at $105 flip.

📈Bullish flow + positive GEX strongly aligned; dealers long gamma

⚠️Spot far above MP; gamma flip at $105 ~22% downside

Regime Classification

Vol Regime

High

IV elevated vs typical due to event uncertainty; VIX 16.4 provides tailwind but signals caution.

Gamma Regime

Pinning

GEX +$196.5M positive, indicating dealer gamma long; pinning near $60 and $119 expiries creates resistance/support.

Flow Regime

Bullish

Net premium bullish, put/call ratios skewed to calls; sustained call buying supports upside.

Spot vs Max Pain

Above

Spot $138.2 well above MP ($119); typical mean-reversion risk but flow/gamma may sustain.

Thesis duration: Event-specific — High vol and pinning to near-term expiries suggest event-driven moves over next 1-2 weeks.

Price Range Forecast

Next 1 week

$120.52$147.47

Range $120.52-$147.47; flow/gamma support upside push toward resistance.

Next 2 weeks

$124.97$143.02

Range $124.97-$143.02; potential mean reversion as expiry approaches.

Key Levels

Max pain pins: $60 (2026-06-18); $119 (2026-06-26); $115 (2026-07-02)

EM guardrails: 1w $120.52/$147.47

Support: $124.97

Resistance: $143.02

Gamma flip: ~$105.00 — Approx — based on put OI concentration of 24,347 (21.6% below spot)

Structural: Support $124.97 (next 2w low), resistance $143.02 (next 2w high). Max pain $119 (6/26), $115 (7/2). Gamma flip $105 (put concentration).

Dealer Positioning (GEX/DEX)

GEX: $+196.5M

DEX: +225.6M shares

Gamma flip: ~$105 (Approx — based on put OI concentration of 24,347 (21.6% below spot))

NTM gamma: GEX +$196.5M long gamma; DEX +225.6M shares positive delta. Dealers hedged bullish, prone to pinning.

IV Analysis

IV vs VIX: IV elevated relative to VIX (16.4), implying rich vol premium; caution for long vol positions.

Term structure: Front-end elevated with expiration pinning; back-end flatter, event kinks likely near OPEX.

Skew: Put skew elevated; consider call spreads to capture upside while minimizing vol premium.

Flow Analysis

Net premium: Net premium $645M bullish; P/C vol 0.51, OI 1.05; calls dominate volume.

Directional prints: 12.3 call 134 OTM 2026-06-18 — Vol/OI 43.5, new position likely bought; bullish bet; preferred read: bought. 81.8 call 144 OTM 2026-06-26 — Vol/OI 34.6, high IV; speculative upside; preferred read: bought. 17.7 put 134 ITM 2026-06-18 — Vol/OI 201.6, massive relative; likely sold puts for premium; preferred read: sold.

Unusual: 94.9 put 136 ITM 2026-06-18 — Vol/OI 20.0, IV 94.9% extreme; unusual vol/IV; possible hedge. 357.8 call 86 ITM 2026-06-18 — Deep ITM with IV 357.8%; vol/OI 16.2; unusual synthetic stock exposure. 18 put 132 OTM 2026-06-18 — Vol/OI 84.1, last 0.02; huge volume; likely bought puts for downside.

Risks & Catalysts

!Spot far above max pain; gamma flip at $105 if selling accelerates.

!High vol regime could exacerbate drawdowns on any negative catalyst.

!Bullish flow may reverse if dealer gamma flips negative below $105.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Call diagonal	Moderate-Strong	Sell 2026-08-21 $140.00 call / buy 2026-09-18 $130.00 call Why now: Strong call flow and bullish flow support upside; term structure allows harvesting premium while maintaining long exposure.	If spot drops sharply, back-month call loses value; front month short may cap upside slightly.
Put credit spread	Moderate-Weak	Sell 2026-07-24 $116.00/$104.00 put spread Why now: High OI in put strikes and positive net GEX provide support; selling OTM puts captures time decay and vol premium.	If spot drops below short put strike, losses limited to spread width. Liquidity constraints: short_put: Volume below 5.
Bull call spread	Moderate-Strong	Buy 2026-07-24 $140.00/$180.00 call spread Why now: Call volume and OI are elevated, indicating bullish positioning; a bull call spread limits cost and risk.	Max loss is debit paid; upside capped at short call strike.

Top Plays

Call Diagonal

Sell 2026-08-21 $140.00 call / buy 2026-09-18 $130.00 call

Leverages strong call flow and term structure; sell near-term call to offset cost.

Why this play: Combines long exposure with premium collection, suits cautious bullish thesis.

Debit: $6.89-$8.42

Max loss: $8.42

BE: Path-dependent

Mgmt: Roll short call if tested; exit if spot breaks below $125.

Traders expecting gradual upside with managed vol.

Bull Call Spread

Buy 2026-07-24 $140.00/$180.00 call spread

Captures upside from earnings drift with limited premium at risk.

Why this play: Defined risk bullish play directly aligned with elevated call volume.

Debit: $8.35-$10.20

Max loss: $10.20

BE: $150.20

Mgmt: Hold through earnings; consider early exit on 50% gain.

Directional traders willing to set a max loss.

Put Credit Spread

Sell 2026-07-24 $116.00/$104.00 put spread

Sells OTM put spread to collect time decay, supported by gamma pinning.

Why this play: Least preferred due to low liquidity and neutral lean; still offers yield.

Credit: $2.79-$3.41

Max loss: $8.59

BE: $112.59

Mgmt: Close before expiration to avoid pin risk. Liquidity warning: Liquidity constraints: short_put: Volume below 5.

Income-focused traders comfortable with lower liquidity.

Watchlist Triggers

Entry Triggers

IFSpot holds above $124.97 → Enter call diagonal: sell Aug21 $140C / buy Sep18 $130C at $6.89-$8.42

IFSpot above $124.97 and bias remains bullish → Enter bull call spread: buy Jul24 $140/$180 call spread at $8.35-$10.20

Exit Triggers

EXITSpot breaks below $124.97 → Exit call diagonal immediately

EXITSpot reaches $143.02 or 50% gain → Exit bull call spread

Tactical Summary

Bullish bias with caution; spot ~$130 far above max pain (~$115-119). Key support $124.97, resistance $143.02. Elevated vol and gamma flip at $105 add tail risk. Preferred plays: call diagonal for managed upside, then bull call spread. Avoid put credit spread due to poor liquidity.

How to Use These Reports

This directional reflects the market close on June 18, 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.