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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

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 Flow Report

Analysis based on market close April 7, 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 April 7, 2026. A newer flow report is available for May 21, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.2% from MP

Watch next session: Follow incremental OI/premium at $55 and $60 calls (exp 4/10 & 4/24); Large put prints / buildup at $50-$48 strikes that would suggest defensive hedging

Flow Summary

Net premium: +$91.3M bullish

P/C volume ratio: 0.55 — call-dominant (substantive call flow today)

P/C OI ratio: 0.89 — moderate call lean in positioning (OI still somewhat balanced)

Clear institutional call buying concentrated in the $50-$60 area is driving a strong bullish premium signal. Dealers are long gamma exposure (GEX +$164.1M) which supports pinning dynamics around near-term strikes ($52-$55); puts are present but much smaller in premium terms.

Notable Prints

INTC 2026-04-10 $55 Call

Vol: 35,560

OI: 8,375

Vol/OI: 4.2x

IV: 82.1%

Notional: ~$2.77M

Intent: Fresh directional call buying / bullish gamma buying into 4/10 expiry

Dual read: Could be covered call selling by an institutional seller, but volume >> OI suggests fresh buys.

Read-through: Large short-dated call flow concentrated at $55 increases dealer short-delta that converts to directional buy pressure; supports near-term pin pressure toward $55 (GEX +$19.5M at $55).

INTC 2026-04-10 $53 Call

Vol: 25,416

OI: 6,171

Vol/OI: 4.1x

IV: 82.2%

Notional: ~$3.94M

Intent: Aggressive near-ATM call buying (directional)

Dual read: Could be overwriting if paired with stock, but size and premium skew toward fresh buyers.

Read-through: Substantial ATM call demand concentrated at $53 pushes dealer hedging to buy stock into moves above $53, reinforcing short-term upside and pin dynamics (near-term GEX concentration at $52-$55).

INTC 2026-04-10 $52 Put

Vol: 14,597

OI: 1,458

Vol/OI: 10.0x

IV: 80.0%

Notional: ~$1.62M

Intent: Protective put buying or bearish short-dated directional puts

Dual read: Could be buyers hedging existing long stock exposure or spec shorts—volume/oi spike indicates fresh activity rather than a simple roll.

Read-through: Notable short-dated put demand at $52 is defensive against intraday/expiry downside; however call premium still dominates overall net premium, so this looks like tactical protection rather than a shift to bearish regime.

INTC 2026-04-24 $60 Call

Vol: 16,087

OI: 2,213

Vol/OI: 7.3x

IV: 79.8%

Notional: ~$2.23M

Intent: Directional medium-dated call accumulation (bullish upside exposure)

Dual read: Could be part of call spread structures, but premium skew and separate large calls at 50-55 indicate outright bullish exposure.

Read-through: Material call demand out to 4/24 at $60 signals institutional willingness to extend upside exposure beyond the immediate expiry; reinforces buy-side positioning above $55.

INTC 2026-04-10 $53 Put (ITM)

Vol: 3,770

OI: 169

Vol/OI: 22.3x

IV: 79.1%

Notional: ~$0.58M

Intent: Expiry-focused hedge (ITM put near ATM for 4/10)

Dual read: Could be protective put buys for stock holders or close-to-expiration defensive trades; high vol/oi but modest notional.

Read-through: High vol/oi implies purposeful expiry protection but the relatively small dollar value versus call premium suggests limited bearish conviction relative to dominant call flow.

Institutional Positioning

Call additions: $50-$60 strikes (notably $50, $52, $52.5, $53, $55, $60) across 4/10–4/24 expirations — heavy premium inflows at $50 ($17.7M call premium) and $55 ($13.1M call premium).

Put additions: Elevated short-dated puts at $51-$54 and $52 (vol spikes), but lower premium footprint vs calls — likely tactical protection (4/10 & 4/17) rather than large directional shift.

GEX/DEX consistency: Yes — dealer positioning is long gamma (GEX +$164.1M) and DEX +171.9M shares; call-dominant flow increases dealer buying of shares on upticks which aligns with bullish flow/pinning.

OI clusters: Largest OI clusters are call-heavy at $40 (97,945), $70 (73,424), $50 (70,696), $60 (56,498) and near-term concentrated calls at $55 (48,222) and $50 (44,136). These create resistance above $60 but a strong pin zone in the $50-$55 corridor.

Hedging evidence: There is evidence of near-term protective puts (spikes at $52 and $53 exp 4/10–4/17) consistent with institutions hedging long exposure into expiry; no broad-scale collar signature large enough to offset call accumulation.

Max pain context: Max pain is lower than spot ($48 for 4/10, $45 thereafter) and trending down, but current flow and positive GEX are producing pinning pressure toward near-term strikes ($52-$55) rather than immediate collapse toward MP.

Signal vs Noise

~Heavy activity clustered into 4/10 and 4/17 expirations — a portion of flow is expiry-focused gamma/roll activity and not necessarily directional for multi-week trend.

~$53 and $55 4/10 call spikes could include market-maker positioning/expiry overwrites—treat single-day expiries with caution.

~Elevated IV and short-dated put buying (4/10 $52/$53 puts) likely represent protective hedges for existing stock positions (noise for fresh bearish thesis).

~Large static OI at far-dated calls (e.g., $40/$70 long-standing walls) are structural and may be legacy positions rather than new directional bets.

Key Conclusions

🐂Net premium +$91.3M with P/C vol 0.55 — clear short-term bullish skew concentrated in $50–$60 strikes.

📌Pinning around $52–$55 is likely: GEX concentrations at $52/$52.5/$55 and heavy short-dated call flow push dealers to buy into strength.

🛡️Notable short-dated put spikes at $52–$53 (high vol/oi) read as tactical protection, not regime shift — watch if put premium escalates.

🔭If price sustains >$55 with continued call inflows, dealers will remain net buyers and momentum should favor the bulls; a break < $50 with rising put premium would invalidate current flow.

⚖️Overall positioning shows institutions adding upside exposure while hedging near-ATM downside into expiry; net effect is bullish but fragile into the 4/10/4/17 expiries.

How to Use These Reports

This flow reflects the market close on April 7, 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.