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INTC

Intel CorporationClose $128.32EOD only
Max Pain
$120.00
Next expiry Jul 2, 2026
Expected Move
±$11.00
8.6% from close
Price Gap
-8.32
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.01
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 26, 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 26, 2026 close
INTC Directional Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias driven by strong bullish flow and pinning gamma. Spot 9.8% above max pain ($120) and high vol warrant caution, but dealer long gamma supports near-term upside. Confidence 8/10.

Confidence:
8 / 10
Base 5; +2 GEX/flow aligned; +1 GEX positive (pinning); +1 VIX 18; -1 spot above MP.
Supports: Bullish flow, positive gamma, pinning strikes $120/$126, dealer long gamma.
Conflicts: High vol, spot above MP, gamma flip at $100.
🛡️Pinning gamma at $120-$126 provides near-term support.
📈Bullish flow and dealer positioning align.
⚠️High vol and distance from MP require vigilance.

Regime Classification

Vol Regime
High
IV elevated vs VIX (17.65), reflecting event risk near July expiry. High vol suggests wider expected moves.
Gamma Regime
Pinning
Positive gamma $70.1M with pinning at $120/$126. Gamma flip ~$100 (24% below spot). Dealers long gamma, stabilizing price near strikes.
Flow Regime
Bullish
Bullish flow with net call premium. P/C ratio favors calls.
Spot vs Max Pain
Above
Spot ~$132 is 9.8% above max pain $120. Pinning likely near $126-$120.
Thesis duration: Event-specific — Approaching July options expiry (Jul2, Jul10, Jul17). High vol and gamma pinning suggest defined ranges but sharp moves possible.

Price Range Forecast

Next 2 days
$122.45$141.00
Support at $122.45, resistance $141.00. Bullish flow favors upper end but high vol could test.
Next 2 weeks
$111.72$151.72
Wider range $111.72-$151.72. Gamma flip at $100 if selloff. Neutral bias given event uncertainty.

Key Levels

Max pain pins: $120 (2026-07-02); $126 (2026-07-10); $100 (2026-07-17)
EM guardrails: 2d $122.45/$141.00
Support: $120.00 · $111.72
Resistance: $140.00 · $151.72
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 24,829 (24.1% below spot)
Structural: Support $120 (max pain Jul2) and $111.72 (2w low); Resistance $140 (2d high) and $151.72 (2w high). Gamma flip at $100. Key pinning: $120, $126.

Dealer Positioning (GEX/DEX)

GEX: $+70.1M

DEX: +164.9M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 24,829 (24.1% below spot))

NTM gamma: Dealers long $70.1M gamma, DEX +164.9M shares. Gamma flip ~$100. Long gamma provides stability but flip risk if spot drops 24%.

IV Analysis

IV vs VIX: INTC IV is elevated relative to VIX 17.65, indicating high event premium. Rich for near-term but justified by expiry.

Term structure: Likely contango with front-month elevated due to July expiry. Back-month options cheaper.

Skew: Put skew elevated. Consider selling put spreads to capture premium if bullish, but caution on gamma flip.

Flow Analysis

Net premium: Net call premium $618M, P/C vol ratio 0.44, bullish.

Directional prints: 83 call 141 OTM 2026-07-02 — 20k vol (14.9x OI), aggressive OTM call buying. 88.7 call 125 ITM 2026-07-02 — 16.5k vol (10.8x OI), heavy ITM call volume.

Unusual: 194.9 call 89 ITM 2026-07-02 — 45.7k vol (70.2x OI), extreme vol/OI ratio. 170.7 call 88 ITM 2026-07-02 — 38.1k vol (55.8x OI), similarly extreme.

Risks & Catalysts

!Spot drop to gamma flip $100 if momentum fails.
!High vol may cause sharp reversals.
!Expiry pinning could fail if order flow shifts.
!Macro headwinds from VIX >17.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate-Strong
Buy 2026-07-24 $140.00/$141.00 call spread
Why now: Strong call flow and positive GEX support near-term upside.
Earnings miss or vol collapse caps upside.
Cash-secured putModerate-Strong
Sell 2026-07-24 $120.00 cash-secured put
Why now: High IV makes put sales attractive; 125p is below max pain.
Sharp drop below 125 would result in stock assignment.

Top Plays

#1
Bull Call Spread
Buy 2026-07-24 $140.00/$141.00 call spread
Buy 140/141 call spread for defined risk bullish play.
Why this play: Strong call flow and positive GEX support near-term upside.
Debit: $0.36-$0.44
Max loss: $0.44
BE: $140.44
Mgmt: Target full profit near expiration; stop loss at 120.
Traders expecting continued upside momentum into earnings.
#2
Cash-Secured Put
Sell 2026-07-24 $120.00 cash-secured put
Sell 120 put to collect premium with high IV.
Why this play: High IV makes put sales attractive; support at max pain.
Credit: $6.53-$7.98
Max loss: $112.02
BE: $112.02
Mgmt: Roll if tested; close at 50% max gain.
Income-focused traders willing to own stock at discount.

Watchlist Triggers

Entry Triggers
IFIF spot holds above $120 support and call volume confirms bullish flow → THEN buy 2026-07-24 $140/$141 call spread for $0.36-$0.44
IFIF spot remains above $120 with elevated IV → THEN sell 2026-07-24 $120 cash-secured put for $6.53-$7.98
Exit Triggers
EXITIF spot breaks below $120 → THEN exit all bullish positions

Tactical Summary

Bullish bias 24 days to earnings, spot 9.8% above max pain. Key support $120, resistance $140. Dealer long gamma supports upside. High vol warrants caution. Ranked plays: bull call spread (140/141) and cash-secured put sell (120).
How to Use These Reports
This directional reflects the market close on June 29, 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.