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INTC

Intel CorporationClose $68.50EOD only
Max Pain
$56.00
Next expiry Apr 24, 2026
Expected Move
±$7.65
11.2% from close
Price Gap
-12.50
Distance to max pain
IV Rank
100
High premium
P/C OI
1.00
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 17, 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
Apr 17, 2026 close
INTC Earnings Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings: 2026-05-05 16:30 ET. Consensus EPS $0.42, Rev $1.12B. Street expected move ±6.8% (~$3.80). Event IV elevated; strong call flow and near-term pin risk to ~$56–57 if results in-line or slight beat.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.3% from MP; +0.5 VIX 19
Most important: Date/time and consensus; high front-month IV and concentrated call OI at $66–70 create pinning risk into expiry.
📅Earnings 2026-05-05 16:30 ET; consensus EPS $0.42, Rev $1.12B; expected move ±6.8%
⚠️Concentrated call OI 63–70 + steep front IV = high pin and crush risk

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-04-23 (3 days)explicit

Expected moves:

  • 2026-04-24 (4d): ±$6.65 (10.1%)
  • 2026-05-01 (11d): ±$8.10 (12.3%)
  • 2026-05-08 (18d): ±$9.23 (14.0%)

IV Setup

Term structure: Front-month (APR24/weekly) IV >100% vs back-term ~65–80%; very steep front-loaded term structure.

Crush estimate: Post-print front-month IV likely to collapse ~40–60% if no surprise; larger if beat/miss drives directional move.

Skew: Skew shows elevated call demand 63–70 strikes; puts bid on tails (48–53) priced for downside tail risk.

Historical Context

Beat rate: 75% (3/4 quarters)

Avg move vs expected: Last 8 quarters: realized move ~equal to expected move; beat rate 62%. Big misses produced >2x expected move.

Directional bias: Beats lean bullish but concentrated call selling has previously led to pinning near max pain when results are marginal.

Key Levels

1Max pain pins: $57 (2026-04-24); $56 (2026-05-01); $56 (2026-05-08)

Flow Highlights

Heavy near-term call prints at $66–67 and concentrated OI 63–70 on Apr weeklies.

Dealer delta sold into these strikes increases pinning pressure between $56–66.

Notable longer-dated put buys at $53 and $48 with size.

Hedging for a downside tail; supports term-IV and protective skew.

Strategies

Defined-risk iron condor
Sell 2026-05-15 $57.50/$52.50 put wing and $80.00/$85.00 call wing
Credit: $1.35-$1.65
Max loss: $3.35
Max gain: $1.65
BE: 55.85 / 81.65
Trigger: Enter near top of entry_range; tighten or close if stock nears $57.5 or IV collapses after print.
Best risk/reward into steep front IV and pin risk.
Outperforms: Harvest rich front-month IV while capping tail losses versus naked wings.
Underperforms: Move outside short strikes invalidates range thesis.
Put diagonal (income+downside protection)
Sell 2026-05-01 $61.00 put / buy 2026-06-18 $60.00 put
Debit: $1.91-$2.33
Max loss: $2.33
Max gain: Variable
BE: Path-dependent
Trigger: Sell into elevated front IV; roll/close if stock breaches $56–57 or post-print IV compresses.
Exploits front>back term premium while limiting downside via long put.
Outperforms: Sell short-dated put, buy longer-dated put to collect premium and retain crash protection if miss.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call calendar (bullish skew play)
Sell 2026-05-01 $70.00 call / buy 2026-06-18 $70.00 call
Debit: $2.76-$3.38
Max loss: $3.38
Max gain: Variable
BE: Path-dependent
Trigger: Enter near entry_range low; close short leg on IV crush or roll long if momentum continues.
Plays steep term structure to express modest upside without full front-month IV exposure.
Outperforms: Short near call, long back-month call to keep upside optionality if firm beat.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-05-15 $57.50 put + sell $80.00 call
Credit: $2.65-$3.24
Max loss: Unlimited
Max gain: $3.24
BE: 54.26 / 83.24
High front IV; concentrated calls near 66–70 → sell both wings to harvest skewed premium while keeping strikes outside pin range.
Outperforms: Collect elevated front‑month premium by selling balanced call and put strikes outside pin zone.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Front-month IV collapse post-print can erase option premium rapidly
!Pin risk to $56–57 if dealers remain short delta and results are marginal
!Large gap risk on a material beat (>+10%) or miss (>-10%) exceeding expected move

What to Watch

?Actual EPS/rev vs consensus at 16:30 ET and management commentary on guide
?Real-time APR24 implied move vs expected move (watch 63–67 strikes)
?Gamma/hedging flow (dealer hedge prints) and SPY/QQQ direction pre/post print
How to Use These Reports
This earnings reflects the market close on April 20, 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.