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INTC

Intel CorporationClose $121.77EOD only

Max Pain

$111.00

Next expiry May 29, 2026

Expected Move

±$7.03

5.8% from close

Price Gap

-10.77

Distance to max pain

IV Rank

High premium

P/C OI

1.04

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: May 27, 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 27, 2026 close

INTC Flow Report

Analysis based on market close April 8, 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 8, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5.0; +2.0 GEX/flow strongly aligned (pinning); +1.0 positive GEX (+$177.1M); -1.0 spot 20.3% above MP

Watch next session: Follow incremental premium at $60.00 calls and volume at $58.00 April 10 calls (INTC 04/10 $58C); Intraday pick-up of put buys at $55.00-$57.50 (exp 4/17 & 4/10) that would indicate defensive hedging turning into directional protection

Flow Summary

Net premium: +$308.1M bullish

P/C volume ratio: 0.60 — call-dominant (calls ~63% of volume by notional)

P/C OI ratio: 0.87 — moderate call lean in positioning (OI shows call concentration but puts still present)

Heavy, concentrated call buying across $50/$55/$60 strikes produced a very large net premium (+$308.1M). Dealers are long gamma/pinning (GEX +$177.1M), creating a pinning regime around near-term call clusters — flow is bullish but with visible defensive put activity in the very near-dated expiries (4/10–4/17).

Notable Prints

INTC 2026-04-10 $58.00 Call (ITM)

Vol: 33,261

OI: 2,687

Vol/OI: 12.4x

IV: 80.5%

Notional: ~$6.39M

Intent: Directional call buying / short-dated bullish exposure into April 10

Dual read: Could be fresh directional buys (bullish) or aggressive overwrites/closing of short calls by institutions (neutral), but price and net premium context favors bought calls

Read-through: Large short-dated ITM call flow concentrates dealer gamma near spot, reinforcing pinning pressure and dealer buy-the-dip behavior into the April 10 window.

INTC 2026-05-15 $55.00 Put

Vol: 14,837

OI: 1,119

Vol/OI: 13.3x

IV: 71.9%

Notional: ~$5.12M

Intent: Protective put buying or tactical directional put (long-dated downside protection)

Dual read: Bought puts (protective/hedge) or sold as part of a larger collar/structured trade (neutral); timing and strike suggest real hedging demand

Read-through: Significant notional in a mid-dated 55P indicates institutions are layering protection below spot even as call premium dominates — this is conditional hedging rather than market-direction flip.

INTC 2026-04-17 $57.00 Put

Vol: 13,746

OI: 200

Vol/OI: 68.7x

IV: 68.5%

Notional: ~$2.24M

Intent: Short-dated protective hedges (defensive buying) ahead of the April 17 expiry

Dual read: Likely bought puts (defensive) but could be part of a spread leg (roll/repair); high vol/OI ratio and proximity to spot points to genuine put buying

Read-through: Clusters of activity at 57.00/57.50 puts (4/17) represent tactical protection around the current level — these prints act as a warning that some participants are locking in downside insurance despite overall call dominance.

INTC 2026-04-10 $55.00 Put

Vol: 27,214

OI: 360

Vol/OI: 75.6x

IV: 85.5%

Notional: ~$0.65M

Intent: Short-dated hedging or gamma-driven buying into the April 10 expiry

Dual read: Could be small retail/spec buys in size relative to OI or dealer-driven positioning; relative notional is modest but the vol/OI spike indicates concentrated hedge demand

Read-through: High vol/OI on this near expiry put shows local hedging flow and dealer hedges that can create knee-jerk volatility into expiry; treat as defensive activity, not a wholesale bearish shift.

INTC 2026-04-24 $70.00 Call

Vol: 3,884

OI: 287

Vol/OI: 13.5x

IV: 85.3%

Notional: ~$0.41M

Intent: Speculative or directional call buying for a larger upside scenario

Dual read: Typically fresh bullish speculation, though could be part of defined debit spread structures

Read-through: Adds a small tail-risk/levered bullish element beyond the one-week EM; not large enough to change the primary thesis but consistent with call-biased skew.

Institutional Positioning

Call additions: Concentrated call premium and flow at $50.00, $55.00 and $60.00 (top premium strikes: $50: +$47.6M call net; $60: +$44.7M; $55: +$38.2M). OI clusters show heavy CALL OI at $55.00 (58,138), $50.00 (43,492), $60.00 (40,711).

Put additions: Notable defensive put accumulation around $54.00–$57.50 in the very-short-dated expiries (4/10–4/17) and mid-dated protection at $55.00 (5/15) — evidence of layered hedging rather than a positioning shift to outright bearishness.

GEX/DEX consistency: Yes — positive Total GEX +$177.1M and DEX +195.2M shares align with the bullish flow and pinning regime; dealer gamma exposure is concentrated near $60 and $55, supporting pin behavior.

OI clusters: Largest OI clusters create a near-term magnet at $60.00 (GEX +$22.8M) and secondary concentration at $55.00 (GEX +$20.3M). These cluster levels (50/55/60) form the primary OI map and likely price anchoring zones.

Hedging evidence: Clear evidence of protective buying: high vol/OI put prints at $55 (4/10 & 5/15) and $57.00/$57.50 (4/17) indicate institutions are layering downside protection while retaining upside call exposure — consistent with collars or bought-put protection overlaying bullish call exposure.

Max pain context: Max pain is lower ($49 → $40 across expirations) but spot is above MP; dealers are currently pinned to higher, call-concentrated strikes which supports nearer-term pinning rather than MP-driven downward pressure.

Signal vs Noise

~Large volume in April 10 and April 17 puts (high vol/OI) — likely short-dated expiry hedges rather than a change in directional bias.

~Call premium concentration at $50/$55/$60 is structural and part of broad call accumulation (net premium +$308.1M) rather than isolated single-leg speculative prints; some prints may be legs of spreads.

~High ATM IV and active gamma means market maker inventory adjustments will amplify price moves; watch for MM rebalancing rather than treating every large print as pure directional conviction.

~Some mid- and longer-dated put prints (e.g., 5/15 $55P) look like portfolio protection purchases and may coexist with bullish call buys — not a pure bearish read.

Key Conclusions

🐂Primary flow is bullish: +$308.1M net premium and P/C vol 0.60 show strong call dominance around $50/$55/$60.

📌Pinning regime centered near $60 and $55 — GEX concentrations (+$22.8M at $60, +$20.3M at $55) make these short-term magnets.

🛡️Layered defensive buying: near-dated puts at $54/$55/$57.50–$57.00 indicate institutions are hedging downside while keeping call exposure.

👀Watch April 10–17 flows: big short-dated activity will determine intraday gamma squeezes and whether the pin at ~$60 holds.

⚖️Risk profile: bullish skew with protective hedges — a scenario where rallies are supported but downside is contained by put-buying and dealer gamma.

How to Use These Reports

This flow reflects the market close on April 8, 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.