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INTC

Intel CorporationClose $118.50EOD only
Max Pain
$110.00
Next expiry May 22, 2026
Expected Move
±$4.28
3.6% from close
Price Gap
-8.50
Distance to max pain
IV Rank
56
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
6.0/10
Bullish tilt
Published snapshot: May 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
May 21, 2026 close
INTC Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

INTC earnings 62 days out, IV priced for ±8.3% move. Historical beat rate 80% bullish. Flow call dominant with gamma pinning near $110.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.9% from MP; +1 VIX 17
Most important: Gamma flip at $90, net premium $153M, call OI wall $130-$150.
📈Unusual call volume at $122 strike.
⚠️Deep OTM put activity at $77 and $70.
💰Net premium $153M, call bias flows.

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 23,124 (24.9% below spot)

Earnings Overview

Next earnings: 2026-07-23 (62 days)explicit

Expected moves:

  • 2026-05-29 (7d): ±$9.95 (8.3%)
  • 2026-06-05 (14d): ±$14.92 (12.5%)
  • 2026-06-12 (21d): ±$18.13 (15.1%)

IV Setup

Term structure: Expected moves ramp from ±8.3% (1w) to ±15.1% (3w), typical for distant event.

Crush estimate: Moderate, IV likely contracts post-event but not drastically given long timeline.

Skew: Put skewed at far OTM strikes; call OI heavy at $130-$150.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historical beats 80%; moves often exceed expected.

Directional bias: Upward bias from flow and gamma pinning.

Key Levels

1$90.00 gamma flip
2EM guardrails: 1w $109.89/$129.79
3Max pain pins: $110 (2026-05-22); $107 (2026-05-29); $110 (2026-06-05)

Flow Highlights

Heavy call buying $122 strike (38.9k vol vs 3.4k OI) on expiry week.

Aggressive short-term bullish speculation.

Unusual volume at $77 put (28k vol, 49x OI, 130.5% IV).

Tail-risk hedge or bearish bet, low premium.

Strategies

Bullish Call Diagonal
Sell 2026-05-29 $125.00 call / buy 2026-07-17 $120.00 call
Debit: $10.56-$12.91
Max loss: $12.91
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot < $110; roll on vol spike.
Combines high beat rate with gamma pinning; limited risk captures drift.
Outperforms: Sells front-month call into resistance, buys back-month call for upside.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-06-18 $110.00 put + sell $130.00 call
Credit: $11.05-$13.50
Max loss: Unlimited
Max gain: $13.50
BE: 96.50 / 143.50
Trigger: Adjust on IV expansion; watch gamma flip at $90.
Gamma pinning and high win rate support premium collection near expected move.
Outperforms: Sells OTM put and call to collect premium, expecting mean reversion.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar
Sell 2026-06-18 $125.00 call / buy 2026-07-17 $125.00 call
Debit: $3.91-$4.79
Max loss: $4.79
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot breaches $110; roll forward if vol persists.
Term structure favors calendar; profits if post-earnings move is muted.
Outperforms: Short front-month call funds long back-month; gains from vol decline.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Move beyond EM guardrails ($109.89-$129.79) may trigger delta hedging.
!Gamma pinning near $110 could attract spot; call OI wall caps upside.
!Far OTM put activity signals downside protection.

What to Watch

?Gamma flip level near $90.
?Call OI at $130 and $150.
?Weekly $122 call open interest.
?Put activity at $77 and $70.
How to Use These Reports
This earnings reflects the market close on May 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.