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INTC

Intel CorporationClose $120.61EOD only
Max Pain
$91.00
Next expiry May 15, 2026
Expected Move
±$9.20
7.6% from close
Price Gap
-29.61
Distance to max pain
IV Rank
89
High premium
P/C OI
1.19
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: May 12, 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
May 12, 2026 close
INTC Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

INTC high-vol regime, gamma pinning above max pain, earnings 71d away. Flow mixed with large call/put activity around $120, suggesting uncertainty but slight upside bias.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 26.6% from MP; +1 VIX 18
Most important: Large unusual call at $121 and put at $116 on 5/22 indicate a battle zone; spot above max pain ($95) and positive GEX support upside, but deep OTM puts hedge downside risk.
🐂Large call buying at $121 bullish conviction.
🐻Active put buying at $116 and deep OTM puts indicate hedging.
⚠️Spot far above max pain increases pullback risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$110.00 — Approx — based on put OI concentration of 45,956 (8.6% below spot)

Earnings Overview

Next earnings: 2026-07-23 (71 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$7.05 (5.9%)
  • 2026-05-22 (9d): ±$14.30 (11.9%)
  • 2026-05-29 (16d): ±$17.55 (14.6%)

IV Setup

Term structure: Elevated across maturities (IV 80-90% near-term) due to high vol; no earnings hump since event far out.

Crush estimate: Not applicable; earnings 71 days away, no immediate crush event.

Skew: Put skew notable: active deep OTM puts (88, 92.5) suggest downside hedging.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Earnings distant; near-term expected move 5.9% (2d). Historical beat rate 80% but not directly relevant.

Directional bias: Spot above max pain and positive gamma suggest bullish near-term bias, but flow shows mixed signals.

Key Levels

1$110.00 gamma flip
2EM guardrails: 2d $113.24/$127.34; 1w $105.99/$134.59
3Max pain pins: $95 (2026-05-15); $109 (2026-05-22); $100 (2026-05-29)

Flow Highlights

Unusual call vol (8,407 vs OI 365) on 5/22 $121 strike.

Bullish speculation or hedging, targeting upside above $121.

Unusual put vol (8,392 vs OI 656) on 5/22 $116 strike.

Bearish positioning or hedge against downside, may pin near $116.

Deep OTM puts active: 5/29 $88 (vol 8,394) and 5/15 $92.5 (vol 3,935).

Hedging or speculation on sharp drop despite spot near $119.

Strategies

Iron Condor
Sell 2026-05-22 $111.00/$105.00 put wing and $135.00/$145.00 call wing
Credit: $2.53-$3.10
Max loss: $6.90
Max gain: $3.10
BE: 107.90 / 138.10
Trigger: Monitor $110 support and $137.84 resistance; adjust wings on breach.
High IV and neutral bias: collect premium with defined risk.
Outperforms: Sell $111/$105 put and $135/$145 call spreads.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal
Sell 2026-05-22 $131.00 call / buy 2026-06-12 $145.00 call
Debit: $1.17-$1.43
Max loss: $1.43
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot < $110; roll short call as needed.
Near-term IV > back-month; time decay benefits short leg.
Outperforms: Sell $131 call / buy $145 call (different expiries).
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Bull Call Spread
Buy 2026-06-18 $120.00/$130.00 call spread
Debit: $3.42-$4.18
Max loss: $4.18
Max gain: $5.82
BE: $124.18
Trigger: Close below $110; take profit near $130.
Spot above max pain, positive gamma, slight bullish flow.
Outperforms: Buy $120/$130 call spread to capture upside.
Underperforms: Loss of support weakens upside continuation thesis.
Short strangle
Sell 2026-05-22 $108.00 put + sell $140.00 call
Credit: $3.73-$4.56
Max loss: Unlimited
Max gain: $4.56
BE: 103.44 / 144.56
High IV and range-bound expectation support premium sale.
Outperforms: Sell OTM put and call to capture elevated IV without defined risk.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Spot 26.6% above max pain; mean reversion risk.
!High IV may amplify moves.
!Concentrated put OI (45,956) at lower strikes acts as support.

What to Watch

?$121 call and $116 put activity for directional clues.
?Support $110, resistance $137.84.
?Gamma flip at $110.
?VIX and overall market sentiment shifts.
How to Use These Reports
This earnings reflects the market close on May 13, 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.