INTC Flow Report

Analysis based on market close April 7, 2026

Directional Theta Gang Flow Earnings Consensus

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.

Read the Flow analysis for INTC for 2026-04-07. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.