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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias with dealer gamma support and bullish flow, but spot 17.5% above max pain ($120) and high vol warrant caution. Upside targets $150-$158, but risk of pullback to pin levels.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; -1 spot far from MP; +1 VIX 17. Net 8.

Supports: Bullish flow, positive dealer gamma ($+83.7M), high DEX (+170M shares), above max pain
Conflicts: Spot far from MP ($120), high IV, resistance $150-$152, gamma flip at $100

🟢Bullish flow: net premium positive

⚠️Spot 17.5% above MP $120; reversion risk

🔴High vol IV may inflate premiums

Regime Classification

Vol Regime

High

IV is High, above typical range; VIX at 17.28, ticker IV elevated indicates large expected move.

Gamma Regime

Pinning

Positive gamma $+83.7M, pinning near spot. Gamma flip near $100 (heavy put OI), currently safe.

Flow Regime

Bullish

Bullish net premium flow, put/call ratio supports upside bias.

Spot vs Max Pain

Above

Spot ~$141 is 17.5% above max pain $120; potential mean reversion.

Thesis duration: Multi-week — Sustained bullish flow and positive gamma support multi-week thesis, but distance from MP requires monitoring.

Price Range Forecast

Next 1 week

$123.04$158.84

Supported by flow/gamma; resistance $150-$158

Next 2 weeks

$129.49$152.39

Wider range; approaching max pain may cause pullback

Key Levels

Max pain pins: $120 (2026-06-26); $115 (2026-07-02); $118 (2026-07-10)

EM guardrails: 1w $123.04/$158.84

Support: $129.49

Resistance: $150.00 · $152.39

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 22,998 (29.0% below spot)

Structural: Support $129.49; resistance $150/$152.39; max pain pins: $120 (Jun26), $115 (Jul2), $118 (Jul10); gamma flip ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+83.7M

DEX: +170.2M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 22,998 (29.0% below spot))

NTM gamma: Dealers long gamma ($+83.7M), pinning support. Flip at ~$100 (heavy put OI 22,998 contracts).

IV Analysis

IV vs VIX: IV rich vs VIX 17.28; ticker IV elevated (~40%+), implying high expected move.

Term structure: Contango; front-week elevated due to max pain events.

Skew: Slight put skew; opportunity: sell puts at support $129 for premium.

Flow Analysis

Net premium: Net premium +$592M with P/C vol ratio 0.55 indicates strong call buying.

Directional prints: 98.1 call 141 OTM 2026-06-26 — Vol/OI 15.7x aggressive buying; bought calls, bullish. 100 call 157.5 OTM 2026-06-26 — Vol/OI 7.3x suggests new bullish bets; bought calls. 95.8 call 180 OTM 2026-07-02 — Vol/OI 8.5x; OTM call buying expects further rally.

Unusual: 97.3 put 136 OTM 2026-06-26 — Vol/OI 19.8x extremely high; put buying likely hedging. 97 put 140 OTM 2026-06-26 — Vol/OI 12.4x; put volume spike, possibly protective. 103.4 put 123 OTM 2026-06-26 — Vol/OI 6.8x with elevated IV; deep OTM put tail hedge.

Risks & Catalysts

!Spot retreat to max pain $120

!High vol subsides causing IV crush

!Resistance $150 holds

!Macro/earnings disrupt flow

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-24 $139.00/$149.00 call spread Why now: Bullish bias supported by dealer gamma and call flow; high vol makes debit spread cheaper relative to upside	Max loss limited to debit paid; IV crush can reduce value if rally stalls
Bullish risk reversal	Moderate-Weak	Buy 2026-07-24 $147.00 call / sell 2026-07-24 $122.00 put Why now: Low put premium for funding; bullish flow and gamma support align with long call delta	Short put exposes to downside risk below strike if rally fails; margin intensive Liquidity constraints: long_call: Open interest below 25.
Put credit spread	Moderate	Sell 2026-07-24 $122.00/$110.00 put spread Why now: High IV inflates put premiums; support near $135-140 from dealer gamma and max pain	If spot drops below short put, spread loses; IV crush can reduce credit but short vol benefits

Top Plays

Bull Call Spread

Buy 2026-07-24 $139.00/$149.00 call spread

Defined risk bullish exposure leveraging call flow.

Why this play: Best aligns with bullish bias and gamma support; high IV cheapens debit spread.

Debit: $3.71-$4.54

Max loss: $4.54

BE: $143.54

Mgmt: Exit if spot <$129.49; take profit near $149.

Traders wanting capped risk and upside to $149.

Put Credit Spread

Sell 2026-07-24 $122.00/$110.00 put spread

Collect credit with bullish tail risk hedge.

Why this play: High IV inflates premiums; support near $135-140 from gamma and max pain.

Credit: $3.13-$3.82

Max loss: $8.18

BE: $118.18

Mgmt: Monitor spot above invalidation $129.49; close early if momentum shifts.

Neutral-bullish traders seeking income with defined risk.

Bullish Risk Reversal

Buy 2026-07-24 $147.00 call / sell 2026-07-24 $122.00 put

Uses put premium to fund upside call, but illiquid.

Why this play: Unlimited upside but liquidity fail and large max loss ($122) downgrade it.

Debit: $5.51-$6.74

Max loss: $122.00

BE: $122.00

Mgmt: Requires active monitoring; set stop loss if spot approaches $122. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.

Aggressive traders comfortable with tail risk and illiquid options.

Watchlist Triggers

Entry Triggers

IFspot holds above 129.49 → enter bull call spread: buy 2026-07-24 $139 call, sell $149 call for net debit 3.71-4.54

IFspot above 129.49 and IV remains high → sell put credit spread: sell 2026-07-24 $122 put, buy $110 put for net credit 3.13-3.82

Adjustment Triggers

ADJspot reaches $149-$150 → take profit on bull call spread

Exit Triggers

EXITspot breaks below 129.49 → close all positions

Tactical Summary

Bullish bias with dealer gamma support. Key support $129.49, resistance $150-$152.39. Top play: bull call spread for defined risk. Exit if spot <129.49.

How to Use These Reports

This directional reflects the market close on June 22, 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.