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INTC

Intel CorporationClose $132.28EOD only

Max Pain

$125.00

Next expiry Jun 26, 2026

Expected Move

±$10.77

8.2% from close

Price Gap

-7.28

Distance to max pain

IV Rank

Low premium

P/C OI

1.00

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

INTC Directional Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias over multi-week horizon, supported by strong dealer gamma (pinning) and bullish flow, but spot is above max pain ($125) introducing some pullback risk. Confidence base 7.5/10 reflects GEX/flow alignment partially offset by spot-MP distance.

Confidence:

7.5 / 10

Base 5; +2 for GEX/flow alignment; +1 for positive gamma pinning; -1 for spot 5.3% above MP; +0.5 for VIX near 19 supporting vol premium.

Supports: High dealer gamma (+72.4M), bullish flow, pinning near $125, positive DEX (+167M shares), price ranges with upside bias.
Conflicts: Spot 5.3% above max pain ($125), downside gamma flip at $100, VIX elevated but not extreme.

📌Max pain $125 provides strong pin; spot at ~$132 may drift toward it.

🟢GEX +72.4M and bullish flow support upward bias.

⚠️Spot 5.3% above MP risks mean reversion in 2-day window.

Regime Classification

Vol Regime

High

Vol High: IV elevated vs historical, amplified by VIX at 19 and tech selloff (QQQ -0.42%).

Gamma Regime

Pinning

Pinning: GEX +72.4M concentrated near $125, creating sticky pin action for near-term expiries.

Flow Regime

Bullish

Bullish: net premium positive, put/call skewed toward calls, consistent with dealer hedging supporting upside.

Spot vs Max Pain

Above

Above: spot ~$132 vs max pain $125, indicating selling pressure into pin but upside residual.

Thesis duration: Multi-week — Price ranges extend 2 weeks, with structural gamma support and no single event catalyst; regime persists beyond near-term expiries.

Price Range Forecast

Next 2 days

$122.75$140.55

Spot above MP and near EM guardrail $122.75/140.55; pin to $125 likely.

Next 1 week

$116.67$146.62

Gamma support holds, flow drives drift toward $140.55 resistance.

Next 2 weeks

$111.70$151.60

Broader trend with support at $116.67 and resistance at $151.6; dealer positioning favors upside.

Key Levels

Max pain pins: $125 (2026-06-26); $120 (2026-07-02); $125 (2026-07-10)

EM guardrails: 2d $122.75/$140.55; 1w $116.67/$146.62

Support: $125.00 · $111.70

Resistance: $151.60

Gamma flip: ~$100.00 — Approx — based on put OI concentration of 23,831 (24.0% below spot)

Structural: Max pain $125 (06/26), $120 (07/02), $125 (07/10). EM guardrails: 2d $122.75/140.55, 1w $116.67/146.62. Support $125, $111.7; resistance $151.6. Gamma flip ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+72.4M

DEX: +167.3M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 23,831 (24.0% below spot))

NTM gamma: GEX +$72.4M, DEX +167.3M shares. Gamma flip at ~$100 based on put OI concentration. Net long gamma supports bullish bias but flip risk if spot drops 24%.

IV Analysis

IV vs VIX: INTC IV rich vs VIX (19), reflecting high vol regime and options demand; elevated premium supports bearish vol positioning.

Term structure: Contango skewing toward back months; near-term high due to expiration pinning, longer-dated elevated but lower.

Skew: Put skew elevated, especially OTM; consider selling put spreads below support ($111.7) after expiry to capture premium decay.

Flow Analysis

Net premium: Strongly bullish: $521M net call premium, put/call volume ratio 0.46, aggressive call buying.

Directional prints: 289.8 call 77 ITM 2026-06-26 — Vol/OI 27.2:1, aggressive buying of OTM call, bullish bet. 175.8 call 87 ITM 2026-06-26 — Vol/OI 68.1:1, heavy call buying, likely bullish speculation. 171.9 call 88 ITM 2026-06-26 — Vol/OI 64.2:1, aggressive call buying, bullish sentiment.

Unusual: 87.1 put 125 OTM 2026-07-10 — Vol/OI 9.5:1, unusual put buying at high strike, possible bearish hedge. 91.5 put 131 OTM 2026-06-26 — Vol/OI 5.2:1, put buying deep OTM, likely bearish bet. 283.6 call 76 ITM 2026-06-26 — Vol/OI 10.3:1, large call volume, likely ITM if spot >76, bullish.

Risks & Catalysts

!Spot above max pain may trigger selloff into pin.

!Gamma flip at $100 could accelerate downside if broken.

!Tech sector weakness (QQQ -0.42%) if persists could override bullish positioning.

!VIX spike above 20 would change vol dynamics and dealer hedging.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-24 $132.00/$155.00 call spread Why now: Bullish flow and dealer gamma support upside; spread limits cost.	Spot above max pain may cap near-term; time decay before earnings.
Put credit spread	Moderate	Sell 2026-07-24 $119.00/$103.00 put spread Why now: Pinning and bullish flow support; defined-risk credit.	Max pain test at 125 could cause loss if broken.
Bullish risk reversal	Moderate-Strong	Buy 2026-07-24 $137.00 call / sell 2026-07-24 $114.00 put Why now: Aggressive call buying and bullish flow; cap cost.	Unlimited downside if put strike broken; max pain risk.

Top Plays

Defensive Bullish Credit

Sell 2026-07-24 $119.00/$103.00 put spread

Sell put spread to collect premium, profit from pinning and time decay.

Why this play: Aligned with bullish flow but mitigates pullback risk from spot above max pain.

Credit: $4.46-$5.45

Max loss: $10.55

BE: $113.55

Mgmt: Close at 50% profit or stop if INTC breaks below 125.

Traders seeking high probability, defined-risk bullish exposure.

Direct Bullish Spread

Buy 2026-07-24 $132.00/$155.00 call spread

Buy call spread to capture upside move with defined risk.

Why this play: Leverages upside from heavy call buying with limited cost.

Debit: $6.55-$8.00

Max loss: $8.00

BE: $140.00

Mgmt: Exit if stock stays below 125; target profit at 155.

Traders confident in near-term bullish move.

Aggressive Bullish Risk Reversal

Buy 2026-07-24 $137.00 call / sell 2026-07-24 $114.00 put

Buy call and sell put for low-cost bullish exposure.

Why this play: Unlimited upside, but higher risk from downside put sale.

Debit: $5.22-$6.38

Max loss: $114.00

BE: $114.00

Mgmt: Monitor closely; hedge if stock falls below 125.

Traders with strong conviction and higher risk tolerance.

Watchlist Triggers

Entry Triggers

IFINTC holds above $125 support for 2 days → Sell 2026-07-24 $119/$103 put credit spread for credit 4.46-5.45

IFINTC breaks above $140 resistance → Buy 2026-07-24 $132/$155 call spread for 6.55-8.00

IFINTC retests $125 support and holds → Buy 2026-07-24 $137 call / sell $114 put for net debit 5.22-6.38

Exit Triggers

EXITINTC closes below $125 → Close all bullish positions

Tactical Summary

Bullish bias with pullback risk. Preferred: put credit spread if $125 holds. Add bull call spread on $140 breakout. Aggressive risk reversal on $125 retest. Invalidate all below $125.

How to Use These Reports

This directional reflects the market close on June 24, 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.