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INTC

Intel CorporationClose $140.94EOD only
Max Pain
$120.00
Next expiry Jun 26, 2026
Expected Move
±$12.82
9.1% from close
Price Gap
-20.94
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.00
Balanced positioning
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 22, 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
Jun 22, 2026 close
INTC Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow with deep ITM call buying, max pain pinning, and elevated IV. 80% beat rate and positive gamma support upside.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.8% from MP; +0.5 VIX 19
Most important: Unusual deep ITM call activity (strikes 76-88) signals aggressive upside bets despite high IV.
🚨Deep ITM calls with 200%+ IV imply extreme leverage; early exercise or unwinding risk.
📈80% beat rate and positive gamma support; flow strongly bullish.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 23,522 (24.4% below spot)

Earnings Overview

Next earnings: 2026-07-23 (30 days)explicit

Expected moves:

  • 2026-06-26 (3d): ±$10.78 (8.1%)
  • 2026-07-02 (9d): ±$16.17 (12.2%)
  • 2026-07-10 (17d): ±$20.80 (15.7%)

IV Setup

Term structure: Steep contango: 3d IV 80-240%, 9d ~95%, 17d ~80%.

Crush estimate: Moderate crush post-event, but near-term vols may persist due to uncertainty.

Skew: Call skew elevated; deep ITM calls drive extreme vols. Put skew suppressed.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Avg move last 5 earnings: 7.2% vs implied 8.1% (3d).

Directional bias: Bullish (80% beat rate, recent price support).

Key Levels

1$100.00 gamma flip
2EM guardrails: 2d $121.50/$143.05; 1w $116.10/$148.45
3Max pain pins: $125 (2026-06-26); $120 (2026-07-02); $120 (2026-07-10)

Flow Highlights

Massive deep ITM call buying: $77C (22k vol, 87x OI), $78C (15k vol, 60x OI), $76C (11k vol, 31x OI).

Aggressive leveraged bullish bets or synthetic long positions; signals conviction for significant upside.

Net premium +$573M; put/call vol ratio 0.51 (bullish).

Heavy call buying dominates; flow supports bullish bias.

Strategies

Call diagonal
Sell 2026-07-24 $155.00 call / buy 2026-08-21 $130.00 call
Debit: $12.22-$14.93
Max loss: $14.93
Max gain: Variable
BE: Path-dependent
Trigger: Roll if pinning at $120; close if below $125.
Best upside capture with term structure and bullish flow; liquidity high.
Outperforms: Sell 7/24 $155c, buy 8/21 $130c; gains from contango and directional move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call diagonal
Sell 2026-07-24 $155.00 call / buy 2026-08-21 $135.00 call
Debit: $10.33-$12.62
Max loss: $12.62
Max gain: Variable
BE: Path-dependent
Trigger: Manage gamma risk; adjust on break of $125.
Similar to rank 1 but higher buy strike; slightly less aggressive.
Outperforms: Sell 7/24 $155c, buy 8/21 $135c; captures term structure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long straddle
Buy 2026-07-24 $138.00 put + buy $138.00 call
Debit: $27.11-$33.14
Max loss: $33.14
Max gain: Unlimited
BE: 104.86 / 171.14
Elevated IV and bullish flow support large move; 7.2% avg move.
Outperforms: Buy straddle to capture post-earnings move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!High IV decay post-event; deep ITM calls may lose value rapidly.
!Gamma pinning at $125 (3d) and $120 (9d) could cap near-term upside.
!QQQ -3.29% same day shows tech weakness; correlation risk.

What to Watch

?Max pain pins: $125 (3d), $120 (9d/17d).
?Unusual call activity expiration handling.
?Gamma flip level ~$100 (put OI concentration).
How to Use These Reports
This earnings reflects the market close on June 23, 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.