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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

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 Flow Report

Analysis based on market close March 30, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from March 30, 2026. A newer flow report is available for May 20, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 for extreme call-dominant flow (P/C 0.39, net prem +$15.1M); +1 for GEX/flow alignment (trending regime supports momentum); -1 for spot below max pain ($41.17 vs $45) creating a headwind; +0 for high IV (72%) indicating elevated risk.

Watch next session: $42 strike call OI accumulation; Any defensive put flow at $38 or $35; Spot's reaction near the $42-$43 expected move boundary

Flow Summary

Net premium: +$15.1M bullish

P/C volume ratio: 0.39 — extremely call-dominant

P/C OI ratio: 0.88 — moderate put lean in positioning

Aggressive, short-dated call buying is driving a strongly bullish flow regime, despite spot trading well below the max pain level. The flow suggests a tactical bet on a near-term rally, though the high IV and negative GEX warn of potential volatility.

Notable Prints

INTC 4/24/26 $42 Call

Vol: 10,469

OI: 39

Vol/OI: 268.4x

IV: 75.9%

Notional: ~$1.05M (est. $1.00 avg premium)

Intent: Fresh, aggressive directional call buying

Dual read: Bought to open (bullish) or sold short (bearish). High IV and fresh OI point strongly to a buy.

Read-through: This is the most significant single flow signal. A ~$1M+ bet on a move above $42 within ~26 days, placed with high implied volatility. This is a conviction play for a breakout.

INTC 4/2/26 $41.50 Call

Vol: 1,822

OI: 56

Vol/OI: 32.5x

IV: 81.1%

Notional: ~$273K (est. $0.15 avg premium)

Intent: Near-expiry directional bet

Dual read: Likely bought for a quick move above $41.50 before Friday's close.

Read-through: Supports the immediate-term bullish thesis. Traders are targeting a move above the current spot ($41.17) within 4 days, willing to pay extreme short-dated IV.

INTC 4/24/26 $43 Call

Vol: 2,091

OI: 140

Vol/OI: 14.9x

IV: 75.6%

Notional: ~$209K (est. $0.10 avg premium)

Intent: Upside extension of the $42 call bet

Dual read: Part of a bullish vertical spread with the $42C or a separate upside target.

Read-through: Extends the bullish target to $43. The clustering of activity at $42 and $43 for the 4/24 expiry forms a clear bullish strike zone.

INTC 5/8/26 $36 Call

Vol: 178

OI: 1

Vol/OI: 178.0x

IV: 88.8%

Notional: ~$18K (est. $0.10 avg premium)

Intent: Deep-ITM call purchase or part of a complex spread

Dual read: Could be a synthetic long, dividend play, or a leg of a diagonal spread. The tiny OI and high IV are odd.

Read-through: Low notional value makes this noise in isolation, but the extreme IV suggests a non-standard structure, not a pure directional signal.

Institutional Positioning

Call additions: Concentrated at $42-$43 strikes for April expiries (4/2, 4/10, 4/17, 4/24). Significant premium also at $70C ($5.2M net), but this is likely legacy OI.

Put additions: Defensive put flow is minor relative to calls. Small net negative premium at $38 and $35, suggesting some hedging against a drop.

GEX/DEX consistency: Yes — Negative GEX (-$9.0M) indicates the market is in a 'trending' or pro-cyclical regime. This aligns with the bullish flow thesis, as negative GEX can amplify moves in the direction of the trend (up).

OI clusters: Major Call OI: $40C (98K), $50C (75K), $70C (75K). Major Put OI: $15P (55K), $20P (48K), $30P (47K). The $40 strike is a key magnet with massive call OI just below spot.

Hedging evidence: Minimal. The put OI is heavily concentrated at deep OTM strikes ($15, $20, $30), which look like legacy positions or tail-risk hedges, not recent protective activity. The modest put flow at $38 and $35 is the only recent hedging signal.

Max pain context: Spot ($41.17) is significantly below the near-term max pain cluster at $45. This creates a gravitational pull higher, as option writers are short calls above the spot. The flow is aggressively betting on a move toward this pain point.

Signal vs Noise

~The $70 Call and $50 Call premium flows are massive ($5.2M and $1.8M net) but are almost certainly tied to large, pre-existing open interest (75K+ OI). This is likely roll activity or adjustments on legacy positions, not new directional bets.

~Deep OTM Put OI at $15, $20, $30: This is noise for near-term direction. These are likely long-dated, cheap hedges or part of defined-risk structures from months ago.

~The $36 Call (5/8) unusual print has very low notional value (~$18K) and is an outlier in IV. It's likely a leg of a multi-leg trade (e.g., diagonal) and not a standalone directional signal.

Key Conclusions

🚀Extreme call dominance (P/C 0.39) and +$15M net premium signal a strong, tactical bullish bet.

🎯Flow targets the $42-$43 zone across April expiries, aligning with the upper bound of the near-term expected move.

⚖️Spot below max pain ($45) and negative GEX create a setup for a volatile squeeze higher if bullish momentum builds.

⚠️High IV (72%) and trending GEX regime mean moves could be sharp in either direction; stops are advised.

How to Use These Reports

This flow reflects the market close on March 30, 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.