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INTC

Intel CorporationClose $110.80EOD only
Max Pain
$109.00
Next expiry May 22, 2026
Expected Move
±$8.35
7.5% from close
Price Gap
-1.80
Distance to max pain
IV Rank
51
Middle-high premium
P/C OI
1.10
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
INTC Earnings Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

INTC earnings Jul 23, 65d out. Bullish flow, high IV, pinning near $109. 80% beat rate.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.7% from MP; +0.5 VIX 18
Most important: Unusual call volume at $110 and $108; put floor at $60-90 suggests downside protection.
🐂Call dominance: 0.73 PC vol ratio, net premium +$166M bullish.
⚠️Deep OTM put (INTC $64) with 133% IV signals tail risk hedging.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$90.00 — Approx — based on put OI concentration of 22,976 (18.8% below spot)

Earnings Overview

Next earnings: 2026-07-23 (65 days)explicit

Expected moves:

  • 2026-05-22 (3d): ±$8.35 (7.5%)
  • 2026-05-29 (10d): ±$12.65 (11.4%)
  • 2026-06-05 (17d): ±$16.23 (14.6%)

IV Setup

Term structure: Steep backwardation: 3d IV ~90%, 10d ~80%, 17d ~75%.

Crush estimate: Post-earnings crush of 20-30% expected.

Skew: Put skew elevated; deep OTM puts (e.g., $64) traded with high IV.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not available for July cycle.

Directional bias: Bullish: 80% beat rate and strong call flow.

Key Levels

1$90.00 gamma flip
2EM guardrails: 2d $102.45/$119.15; 1w $98.15/$123.45
3Max pain pins: $109 (2026-05-22); $105 (2026-05-29); $106 (2026-06-05)

Flow Highlights

22,959 calls at $110 strike (5/22 exp) traded vs 6,724 OI, vol/OI 3.4.

Large bullish positioning near max pain; potential pinning.

1,701 puts at $64 strike (5/29 exp) traded, vol/OI 6.7, IV 133%.

Speculative tail hedge on downside; low cost insurance.

Strategies

Iron Condor for Theta Capture
Sell 2026-05-29 $105.00/$101.00 put wing and $115.00/$120.00 call wing
Credit: $2.52-$3.07
Max loss: $1.93
Max gain: $3.07
BE: 101.93 / 118.07
Trigger: Close at 50% max gain or exit before earnings to avoid crush. Monitor gamma risk at $90 support.
Steep backwardation and high IV make premium collection attractive; defined risk suits range-bound expectation near $109 pin.
Outperforms: Sell put spread $105/$101 and call spread $115/$120 to profit from time decay and IV contraction.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal for Bullish Drift
Sell 2026-05-29 $120.00 call / buy 2026-07-17 $110.00 call
Debit: $10.60-$12.96
Max loss: $12.96
Max gain: Variable
BE: Path-dependent
Trigger: Roll short leg up if spot approaches $115; close if spot falls below $109 invalidation. Adjust as IV evolves.
80% beat rate and strong call flow support upward bias; diagonal collects premium while maintaining upside exposure.
Outperforms: Sell short-term $120 call, buy longer-term $110 call to capture premium decay and potential rally.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Earnings 65 days away; time decay and volatility risk.
!Gamma flip at $90 (18.8% below spot) could accelerate selloff if breached.
!Market context weak (SPY -0.67%, QQQ -0.62%) may dampen upside.

What to Watch

?Spot action relative to $109 max pain and $110 call wall.
?Unusual put activity for signs of hedging escalation.
?IV term structure shifts as earnings approach.
How to Use These Reports
This earnings reflects the market close on May 19, 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.