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INTC

Intel CorporationClose $140.94EOD only
Max Pain
$120.00
Next expiry Jun 26, 2026
Expected Move
±$12.82
9.1% from close
Price Gap
-20.94
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.00
Balanced positioning
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
INTC Directional Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish thesis driven by strong dealer GEX and bullish flow, despite high vol and spot above max pain. Confidence 7.5/10.

Confidence:
7.5 / 10
Base 5 + GEX/flow alignment +2, gamma pinning +1, spot distance -1, VIX buffer +0.5.
Supports: Bullish flow, positive dealer gamma, support at $125.
Conflicts: High vol, spot above MP, broad tech selloff (QQQ -3.3%).
🟢GEX +$74.8M strong dealer gamma support.
⚠️Spot 5.8% above max pain; reversion risk.
📊Confidence 7.5 with GEX/flow alignment.

Regime Classification

Vol Regime
High
High IV vs typical range amid broad selloff; elevated uncertainty.
Gamma Regime
Pinning
Positive gamma (GEX +$74.8M) with pinning near $120-$125; flip at ~$100.
Flow Regime
Bullish
Bullish net premium flow; put/call skew supports upside bias.
Spot vs Max Pain
Above
Spot above max pain ($125); potential pull to pin but dealer hedging favors support.
Thesis duration: Multi-week — Positive dealer gamma and bullish flow support multi-week drift higher within range despite high vol.

Price Range Forecast

Next 2 days
$121.50$143.05
Supported by flow and gamma; resist $143.
Next 1 week
$116.10$148.45
Dealer support; key support $116.
Next 2 weeks
$111.48$153.08
Exhaustion near $153 or gamma flip risk.

Key Levels

Max pain pins: $125 (2026-06-26); $120 (2026-07-02); $120 (2026-07-10)
EM guardrails: 2d $121.50/$143.05; 1w $116.10/$148.45
Support: $125.00 · $111.48
Resistance: $153.08
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 23,522 (24.4% below spot)
Structural: Support: $125 (max pain), $111.48 (2w low). Resistance: $153.08. Gamma flip ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+74.8M

DEX: +166.7M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 23,522 (24.4% below spot))

NTM gamma: GEX +$74.8M, DEX +166.7M shares; gamma flip ~$100.

IV Analysis

IV vs VIX: Elevated vs VIX 19.5, reflecting stock-specific uncertainty and high vol regime.

Term structure: Likely contango with near-term kinks; no earnings data, generic assumption.

Skew: Put skew elevated; consider call overwriting if bullish thesis holds.

Flow Analysis

Net premium: Net call premium $573M, P/C vol 0.51, bullish.

Directional prints: 241 call 77 ITM 2026-06-26 — Vol/OI 87.6; deep ITM call, likely bought, bullish. 200.8 call 87 ITM 2026-06-26 — Vol/OI 90.2; deep ITM call, likely bought, bullish. 196.1 call 88 ITM 2026-06-26 — Vol/OI 80.0; deep ITM call, likely bought, bullish.

Unusual: 241 call 77 ITM 2026-06-26 — Vol/OI 87.6; high relative volume in deep ITM call. 200.8 call 87 ITM 2026-06-26 — Vol/OI 90.2; unusual for weekly expiry. 196.1 call 88 ITM 2026-06-26 — Vol/OI 80.0; large block in deep ITM call.

Risks & Catalysts

!Broader tech selloff (QQQ -3.3%) could pressure INTC.
!Gamma flip at ~$100 poses downside risk if breached.
!Spot far from max pain may cause reversion to $125.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Put credit spreadModerate-Strong
Sell 2026-07-24 $115.00/$104.00 put spread
Why now: Bullish flow and dealer GEX support mild upside; selling OTM put credit spread benefits from theta decay and low vol rise.
Sharp downside move below short strike breaks spread; max loss if spot breaches lower strike.
Bull call spreadModerate
Buy 2026-07-24 $160.00/$185.00 call spread
Why now: Strong call flow and positive GEX; bull call spread caps cost while benefiting from directional move.
Max loss if spot stays below long strike; time decay works against if move delayed.
Bullish risk reversalModerate
Buy 2026-07-24 $149.00 call / sell 2026-07-24 $115.00 put
Why now: Bullish bias with high vol; selling put funds call purchase, leveraging positive gamma.
Unlimited downside if spot falls sharply; short put exposure requires margin.
Call diagonalModerate
Sell 2026-07-10 $150.00 call / buy 2026-08-21 $160.00 call
Why now: Elevated near-term vol (earnings) vs longer-dated; calendar benefits from vol contraction post-earnings.
Large directional move against position; if spot rallies hard, short call limits upside.

Top Plays

#1
Bull Call Spread
Buy 2026-07-24 $160.00/$185.00 call spread
Buy OTM call spread for directional upside.
Why this play: Best fits bullish flow and GEX, defined risk.
Debit: $3.08-$3.76
Max loss: $3.76
BE: $163.76
Mgmt: Roll if spot near $125 invalidation.
Aggressive bullish traders.
#2
Put Credit Spread
Sell 2026-07-24 $115.00/$104.00 put spread
Sell OTM put credit spread for premium.
Why this play: Captures theta decay with mild upside, lower risk.
Credit: $2.56-$3.13
Max loss: $7.87
BE: $111.87
Mgmt: Close at 50% max gain or at invalidation.
Conservative bullish traders.
#3
Bullish Risk Reversal
Buy 2026-07-24 $149.00 call / sell 2026-07-24 $115.00 put
Buy call funded by selling put.
Why this play: Leverages positive gamma, low cost, unlimited upside.
Debit: $2.48-$3.03
Max loss: $115.00
BE: $115.00
Mgmt: Monitor put side; roll if drops.
Risk-tolerant traders seeking leverage.

Watchlist Triggers

Entry Triggers
IFINTC spot holds above $125 support for a close. → Enter Bull Call Spread: Buy 2026-07-24 $160/$185 call spread at entry range midpoint.
IFINTC spot closes above $125 two consecutive days. → Enter Put Credit Spread: Sell 2026-07-24 $115/$104 put spread at entry range midpoint.
Exit Triggers
EXITINTC spot closes below $125 (invalidation level). → Exit all bullish positions: close call spread, put credit spread, and risk reversal if entered.

Tactical Summary

Bullish multi-week bias with 7.5/10 confidence. Key support at $125 (max pain). Enter bull call spread or put credit spread on confirmation above $125. Exit immediately on break below $125. Risk: broader tech selloff and gamma flip at $100.
How to Use These Reports
This directional reflects the market close on June 23, 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.