thetaOwl
HomeOptionsINTCReports

INTC

Intel CorporationClose $132.87EOD only
Max Pain
$125.00
Next expiry Jun 26, 2026
Expected Move
±$5.81
4.4% from close
Price Gap
-7.87
Distance to max pain
IV Rank
19
Low premium
P/C OI
1.01
Balanced positioning
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
INTC Directional Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias driven by strong dealer gamma support, bullish flow, and spot above key pin levels. Range-bound with upside to $139 resistance.

Confidence:
8.5 / 10
Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; +0.5 low VIX; total 8.5.
Supports: Gamma pinning at $125, bullish flow, spot above MP, positive dealer delta.
Conflicts: SPY/QQQ down 0.7-1.4% today; high vol regime could mean quick reversals.
🟢GEX +$72M and DEX +166M shares provide strong dealer bid.
📈Bull flow and spot above $125 support call-side positioning.
⚠️Tech broad market weakness (QQQ -1.4%) could cap upside.

Regime Classification

Vol Regime
High
IV is elevated (High) relative to recent history, supported by VIX at 18.4.
Gamma Regime
Pinning
Positive gamma of $72M with strong pinning at $125 (6/26 expiry) and $120 (7/2).
Flow Regime
Bullish
Bullish flow with net premium buying; put/call ratio favors upside.
Spot vs Max Pain
Above
Spot ($128.36) above max pain ($125) and Gamma Flip (~$100), bullish structure.
Thesis duration: Event-specific — High vol and positive gamma ahead of options expiry (6/26) drive event-specific thesis.

Price Range Forecast

Next 1 week
$117.32$139.32
Key resistance at $139.32, support at $117.32.
Next 2 weeks
$111.60$145.05
Extended target $145.05, gamma flip at ~$100.

Key Levels

Max pain pins: $125 (2026-06-26); $120 (2026-07-02); $125 (2026-07-10)
EM guardrails: 1w $117.32/$139.32
Support: $125.00 · $111.60
Resistance: $140.00 · $145.05
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 24,008 (22.1% below spot)
Structural: Max pain $125 (6/26), $120 (7/2), $125 (7/10). Support $111.6, resistance $140/$145. Gamma flip at ~$100.

Dealer Positioning (GEX/DEX)

GEX: $+72.0M

DEX: +166.6M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 24,008 (22.1% below spot))

NTM gamma: GEX +$72.0M, DEX +166.6M shares. Gamma flip at ~$100.

IV Analysis

IV vs VIX: IV is elevated relative to VIX (18.4), indicating rich options pricing for event risk.

Term structure: Front-end elevated due to 6/26 expiry; back-month flatter. Skew bullish.

Skew: Call skew elevated; put skew relatively cheap. Opportunity: sell puts at $120 for yield.

Flow Analysis

Net premium: Net call premium $191.6M, P/C vol ratio 0.69 (call-heavy), OI ratio ~1.0.

Directional prints: 442.2 call 78 ITM 2026-06-26 — Vol/OI 18.8, extreme IV 442%, likely bought. OTM call speculation. 4.3 call 128 ITM 2026-06-26 — Vol/OI 13.2, low IV 4.3%, bought OTM call. Possible long vol hedge. 76.8 call 134 OTM 2026-07-02 — Vol/OI 12.6, IV 76.8%, bought OTM call. Bullish bet.

Unusual: 139.1 put 75 OTM 2026-07-02 — Vol/OI 15.7, last $0.01, likely sold. Minimal premium, possibly scalp or adjustment. 12.5 call 129 OTM 2026-06-26 — Vol/OI 12.2, low IV 12.5%, unusual relative to other calls' high IV. 0 call 87 ITM 2026-06-26 — Vol/OI 10.7, IV 0%, likely a data error or stale print.

Risks & Catalysts

!Broader tech selloff (QQQ -1.4%)
!Gamma flip below $100 could trigger dealer hedging
!Event-driven volatility contraction post-expiry

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate-Strong
Buy 2026-07-24 $133.00/$150.00 call spread
Why now: Buy call spread to express directional upside with limited downside, using post-earnings expiration.
Upside capped at short strike; loss if spot falls below long strike.
Put credit spreadModerate-Weak
Sell 2026-07-24 $116.00/$107.00 put spread
Why now: Sell put credit spread to benefit from IV contraction and range-bound upside, expires post-earnings.
Max loss if spot falls below short strike; defined risk. Liquidity constraints: short_put: Volume below 5.
Bullish risk reversalModerate
Buy 2026-07-24 $142.00 call / sell 2026-07-24 $116.00 put
Why now: Buy call and sell put to capture upside with minimal cost, using post-earnings expiry.
Uncapped downside risk if spot drops below short put strike. Liquidity constraints: short_put: Volume below 5.

Top Plays

#1
Bull Call Spread
Buy 2026-07-24 $133.00/$150.00 call spread
Expresses bullish earnings bias with limited loss.
Why this play: Best defined-risk upside play; liquid and direct.
Debit: $4.68-$5.72
Max loss: $5.72
BE: $138.72
Mgmt: Close at target or if stock < $125.
Controlled risk traders.
#2
Put Credit Spread
Sell 2026-07-24 $116.00/$107.00 put spread
Profits from stable/rising price and IV contraction.
Why this play: Neutral-bullish, collects premium; lower liquidity.
Credit: $2.52-$3.08
Max loss: $5.92
BE: $112.92
Mgmt: Defend if stock approaches short strike. Liquidity warning: Liquidity constraints: short_put: Volume below 5.
Income-focused, moderate bullish.
#3
Bullish Risk Reversal
Buy 2026-07-24 $142.00 call / sell 2026-07-24 $116.00 put
Zero-cost upside but unlimited put exposure.
Why this play: High risk/reward; outranked by safer spreads.
Debit: $0.86-$1.05
Max loss: $116.00
BE: $116.00
Mgmt: Monitor closely; roll put if bearish. Liquidity warning: Liquidity constraints: short_put: Volume below 5.
Aggressive traders only.

Watchlist Triggers

Entry Triggers
IFINTC holds above $125 support with bullish momentum. → Enter bull call spread: buy 2026-07-24 $133/$150 call spread near $5.20.
Adjustment Triggers
ADJINTC breaks below $125 support. → Close bull call spread to limit loss to max $5.72.
Exit Triggers
EXITINTC reaches $140 resistance. → Take partial profits on bull call spread.

Tactical Summary

Bullish bias with range-bound outlook. Prefer entry on dips to $125 support. Key resistance at $140. Manage risk below $125.
How to Use These Reports
This directional reflects the market close on June 26, 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.