thetaOwl
HomeOptionsINTCReports

INTC

Intel CorporationClose $132.28EOD only
Max Pain
$125.00
Next expiry Jun 26, 2026
Expected Move
±$10.77
8.2% from close
Price Gap
-7.28
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.00
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 23, 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 23, 2026 close
INTC Earnings Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

INTC earnings Jul 23, 29d out. IV elevated. Historical beat rate 80%. Spot $131. Max Pain $125 near term. Put/call OI near parity, call volume dominates (PC vol ratio 0.46). Unusual call activity in deep ITM calls ($76-$88) suggests hedging or bullish positioning.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.3% from MP; +0.5 VIX 19
Most important: Unusual call volume in Jun26 deep ITM calls with vol/OI >10x, likely institutional hedging or synthetic long positions.
📈Unusual call volume in Jun26 deep ITM calls suggests bullish positioning.
⚠️Spot 5.3% above Max Pain $125, pin risk for large positions.

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 23,831 (24.0% below spot)

Earnings Overview

Next earnings: 2026-07-23 (29 days)explicit

Expected moves:

  • 2026-06-26 (2d): ±$8.90 (6.8%)
  • 2026-07-02 (8d): ±$14.98 (11.4%)
  • 2026-07-10 (16d): ±$19.95 (15.2%)

IV Setup

Term structure: Expected moves: 2d ±6.8%, 8d ±11.4%, 16d ±15.2%.

Crush estimate: Significant IV crush expected after earnings.

Skew: Put/call OI near parity; calls dominate volume; elevated put skew likely.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not directly provided; 80% beat rate suggests bullish bias.

Directional bias: 80% beat rate over 5 quarters; last quarter miss.

Key Levels

1$100.00 gamma flip
2EM guardrails: 2d $122.75/$140.55; 1w $116.67/$146.62
3Max pain pins: $125 (2026-06-26); $120 (2026-07-02); $125 (2026-07-10)

Flow Highlights

Massive call volume in Jun26 deep ITM calls (strikes $76-$88) with vol/OI >20x.

Institutional hedging or accumulation ahead of earnings.

Strategies

Short Volatility Range Play
Sell 2026-07-24 $125.00/$122.00 put wing and $135.00/$140.00 call wing
Credit: $2.27-$2.78
Max loss: $2.22
Max gain: $2.78
BE: 122.22 / 137.78
Trigger: Exit at 50% max gain or before earnings if IV spikes.
Direct IV crush capture and range-bound stance aligned with put floor and call resistance.
Outperforms: Sells premium in high IV; profits if stock stays between $122 and $135.
Underperforms: Move outside short strikes invalidates range thesis.
Bullish Calendar Spread
Sell 2026-07-24 $135.00 call / buy 2026-08-21 $130.00 call
Debit: $6.86-$8.39
Max loss: $8.39
Max gain: Variable
BE: Path-dependent
Trigger: Roll up short leg if spot rises above $135.
Leverages unusual deep ITM call activity and term structure for time decay advantage.
Outperforms: Short near-term call, long later term call to profit from time decay and bullish bias.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Cheap Bull Call Spread
Buy 2026-07-24 $137.00/$160.00 call spread
Debit: $5.62-$6.88
Max loss: $6.88
Max gain: $16.12
BE: $143.88
Trigger: Close if spot falls below $125.
Inexpensive directional bet with defined risk if sentiment correct.
Outperforms: Buys OTM call spread to limit cost while participating upside.
Underperforms: Loss of support weakens upside continuation thesis.
Long straddle
Buy 2026-07-24 $137.00 put + buy $137.00 call
Debit: $26.73-$32.67
Max loss: $32.67
Max gain: Unlimited
BE: 104.33 / 169.67
80% beat rate but last quarter miss creates uncertainty; straddle profits from volatility regardless of direction.
Outperforms: Profit from large move around earnings; elevated IV may expand.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Spot $131 at 5.3% above Max Pain $125: pin risk.
!Elevated IV may lead to large post-earnings crush.
!Put OI concentration at low strikes creates floor.

What to Watch

?Earnings Jul 23; IV crush magnitude.
?Spot vs Max Pain levels.
?Continued unusual call activity.
How to Use These Reports
This earnings reflects the market close on June 24, 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.