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INTC

Intel CorporationClose $118.96EOD only
Max Pain
$109.00
Next expiry May 22, 2026
Expected Move
±$7.97
6.7% from close
Price Gap
-9.96
Distance to max pain
IV Rank
59
Middle-high premium
P/C OI
1.09
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
INTC Earnings Report
Analysis based on market close May 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

INTC options imply large moves for July 23 ER; 80% beat rate, strong call flow suggests bullish sentiment. Earnings 64 days away, IV elevated for event-dated options.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.1% from MP; +1 VIX 17
Most important: Earnings-dated IV elevated; active put buying at 118/107 vs far OTM call at 195; gamma flip at $90.
📊Earnings-dated IV elevated, reflecting uncertainty ahead of July 23.
🐂Large $195 call buy suggests long-term bullish conviction.
🛡️Heavy put buying at 118/107 reflects hedging or bearish bets.

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 22,697 (24.3% below spot)

Earnings Overview

Next earnings: 2026-07-23 (64 days)explicit

Expected moves:

  • 2026-05-22 (2d): ±$7.98 (6.7%)
  • 2026-05-29 (9d): ±$13.35 (11.2%)
  • 2026-06-05 (16d): ±$17.77 (14.9%)

IV Setup

Term structure: Front-month (30d) IV ~30%, earnings-dated (64d) IV ~45% due to event uncertainty, contango flattening after event.

Crush estimate: Post-event IV crush expected ~20-30% as event premium decays.

Skew: Put skew elevated across expiries; notable put buying at 118 and 107 strikes.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Average move within expected range; beat rate 80%.

Directional bias: Bullish bias post-ER historically; stock often rallies.

Key Levels

1$90.00 gamma flip
2EM guardrails: 2d $110.98/$126.93; 1w $105.61/$132.31
3Max pain pins: $109 (2026-05-22); $104 (2026-05-29); $105 (2026-06-05)

Flow Highlights

Unusual call volume: INTC 2026-07-17 $195 Call vol 21,708 vs OI 1,679 (12.9x).

Large OTM call buyer expecting significant upside beyond July.

Multiple large put buys at 118 strike across expiries.

Downside hedging/protective puts near current spot.

Strategies

Bullish Short Strangle
Sell 2026-07-17 $110.00 put + sell $130.00 call
Credit: $20.34-$24.86
Max loss: Unlimited
Max gain: $24.86
BE: 85.14 / 154.86
Trigger: Monitor near 110 support; roll or close if price approaches strikes.
Aligns with bullish bias and high IV; short put at support 110, short call at resistance 128.
Outperforms: Sells OTM put and call to collect premium; benefits from time decay and range-bound price.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Range-Bound Iron Condor
Sell 2026-07-17 $115.00/$110.00 put wing and $125.00/$130.00 call wing
Credit: $3.76-$4.59
Max loss: $0.41
Max gain: $4.59
BE: 110.41 / 129.59
Trigger: Close before earnings or adjust wings if price nears short strikes.
Lower risk alternative; captures premium on expected limited move before earnings.
Outperforms: Sells put spread and call spread to profit from low volatility and time decay.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!High IV and large expected moves could lead to outsized losses.
!Gamma flip risk if spot drops near $90 (put OI concentration).
!Time decay and IV crush post-ER; earnings ~2 months away.

What to Watch

?Price action around key levels: support $109, resistance $137.
?Unusual call volume at $195 strike as potential whale activity.
?Put activity at 118/107 for downside bias.
How to Use These Reports
This earnings reflects the market close on May 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.