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INTC

Intel CorporationClose $66.26EOD only
Max Pain
$60.00
Next expiry Apr 24, 2026
Expected Move
±$6.70
10.1% from close
Price Gap
-6.26
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.95
Balanced positioning
Consensus
6.0/10
Range bias
Published snapshot: Apr 21, 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 21, 2026 close
INTC Earnings Report
Analysis based on market close April 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High-confidence pinning regime into earnings with elevated IV and ~9.4% 2‑day expected move; flow/GEX supportive of downside pinning near $67–70 into the 4/24 expiry.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.8% from MP; +0.5 VIX 19
Most important: Flow/GEX alignment indicating pinning pressure concentrated around the $67–70 strikes into 4/24.
📌Pin band: concentrated front-month put flow at $67 plus call wall at $70
⚠️Very elevated IV on 4/24 implies significant crush risk post-event

Regime Classification

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

Earnings Overview

Next earnings: 2026-04-23 (1 days)explicit

Expected moves:

  • 2026-04-24 (2d): ±$6.14 (9.4%)
  • 2026-05-01 (9d): ±$7.90 (12.1%)
  • 2026-05-08 (16d): ±$9.12 (14.0%)

IV Setup

Term structure: Very elevated near-dated IV (100%+ on 4/24 strikes) with steep front-end > wings.

Crush estimate: Large post-print IV crush likely on 4/24 (material), diminishing by 1–2w.

Skew: Put-heavy IV at short expiries and high implied vols on deep front-month puts; calls also expensive at near-term strikes.

Historical Context

Beat rate: 75% (3/4 quarters)

Avg move vs expected: Historically realized moves often meet or exceed expected 2‑day ±9–12%.

Directional bias: Slight bullish fundamental bias (75% beat historically) but market flow/GEX creates pinning near the front-month strikes (~67–70).

Key Levels

1EM guardrails: 2d $59.13/$71.40; 1w $57.37/$73.17
2Max pain pins: $60 (2026-04-24); $59 (2026-05-01); $60 (2026-05-08)

Flow Highlights

Large short-dated put prints (4/24 $67, vol/oi 4.3) and concentrated net premium.

Dealer hedging and net short put exposure concentrate gamma and pinning pressure around $67.

Call OI wall at $70 and put concentration at $67.

Opposing call OI at $70 reinforces a pin band ~67–70 rather than a $60 target.

Strategies

Defined-risk iron condor
Sell 2026-05-01 $66.00/$58.00 put wing and $70.00/$73.00 call wing
Credit: $3.43-$4.19
Max loss: $3.81
Max gain: $4.19
BE: 61.81 / 74.19
Trigger: Trim or widen wings if spot breaks wings pre-expiry; close before print if IV drops or gap risk rises.
Best risk/reward vs pinning — captures rich front-month premium while capping tail loss.
Outperforms: Sell 5/1 66/58 put wing and 70/73 call wing to collect premium around pinned 67–70 area with limited max loss.
Underperforms: Move outside short strikes invalidates range thesis.
Short strangle (aggressive)
Sell 2026-05-01 $66.00 put + sell $70.00 call
Credit: $5.84-$7.14
Max loss: Unlimited
Max gain: $7.14
BE: 58.86 / 77.14
Trigger: Use strict size, hedge breaks early, or convert to defined structure if spot moves into strikes.
Highest immediate credit from elevated IV and GEX pinning but unlimited upside risk.
Outperforms: Sell 5/1 66 put and 70 call to monetize front-end skew; large post-earnings crush will hurt if touched.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call calendar
Sell 2026-05-01 $70.00 call / buy 2026-06-18 $70.00 call
Debit: $2.89-$3.53
Max loss: $3.53
Max gain: Variable
BE: Path-dependent
Trigger: Roll or close after crush; monitor front-month IV and delta drift.
Plays expected post-print IV collapse with limited directional exposure.
Outperforms: Sell 5/1 70 call, buy 6/18 70 to profit from May IV erosion while keeping longer upside exposure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!High IV and likely sharp post-earnings crush
!Pinning gamma can produce intraday squeezes around $67–70
!Spot ~8.8% above midpoint increases gap risk pre-print

What to Watch

?Front-month (4/24) IV and execution flow around $67–70
?Dealer delta adjustments and changes in call/put OI into expiry
?Post-release beat/guide vs. historical 75% beat rate
How to Use These Reports
This earnings reflects the market close on April 22, 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.