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INTC

Intel CorporationClose $119.84EOD only

Max Pain

$107.00

Next expiry May 29, 2026

Expected Move

±$9.95

8.3% from close

Price Gap

-12.84

Distance to max pain

IV Rank

High premium

P/C OI

1.08

Balanced positioning

Consensus

7.5/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

INTC Flow Report

Analysis based on market close April 9, 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 9, 2026. A newer flow report is available for May 22, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5.0; +2.0 GEX/flow strongly aligned (GEX +$168.7M, net premium $376.9M); +1.0 positive GEX pinning; -1.0 spot 23.4% from MP

Watch next session: Continuation or unwind of $52.50 ITM call flow (size: vol 60,568; last $12.75); Any sustained bid in $60/$65 call strikes (OI clusters + premium flow) vs heavy short-dated $60 put prints

Flow Summary

Net premium: +$376.9M bullish

P/C volume ratio: 0.77 — call-dominant (moderate)

P/C OI ratio: 0.91 — slight call lean in positioning

Heavy, concentrated call premium dominated today's flow (notably at $40, $52.50, $60, $65 strikes) while puts were active but smaller in premium. Dealers sit with large positive GEX (+$168.7M) which encourages pinning behavior around nearby strikes (especially $60). Short-dated put prints at $60 look like hedges or opportunistic downside protection against the call-heavy positioning rather than a regime shift.

Notable Prints

INTC 2026-06-18 $52.50 Call (ITM)

Vol: 60,568

OI: 6,814

Vol/OI: 8.9x

IV: 71.7%

Notional: ~$77.2M

Intent: Institutional directional call accumulation or large covered-call / conversion leg (ITM call size suggests FX-style or structured buying)

Dual read: Aggressive bullish purchase (increasing directional exposure) OR part of structured hedges/rolls (sell calls or call spreads elsewhere)

Read-through: Largest single notional flow — signals material bullish positioning from smart money; explains a large portion of positive net premium and supports dealer positive GEX that pins nearer strikes.

INTC 2026-04-10 $60.00 Put (OTM, 1d)

Vol: 31,625

OI: 678

Vol/OI: 46.6x

IV: 77.0%

Notional: ~$1.08M

Intent: Short-dated protective puts or gamma/expiration-driven hedging (buyers seeking last-day protection or market makers adjusting exposure)

Dual read: Aggressive short-dated downside hedge (bearish) OR purchase to close/roll or volatility play (non-directional)

Read-through: High volume vs tiny OI implies one or a few block trades — large short-dated hedges that will create temporary dealer delta work but are small vs the long-dated call flow (not enough to flip bias).

INTC 2026-04-17 $60.00 Put (OTM, 8d)

Vol: 22,361

OI: 707

Vol/OI: 31.6x

IV: 68.0%

Notional: ~$3.7M

Intent: Near-term downside protection (directional hedging) or a structured hedge against upcoming event/earnings

Dual read: Purchased puts (defensive) OR fills from market makers selling premium into the call-heavy market

Read-through: Significant short-dated put demand concentrated at $60; will force dealer delta hedging into the print but still smaller than multi-week call premium. Watch whether this continues to accumulate.

INTC 2026-04-10 $58.00 Put (OTM, 1d)

Vol: 21,265

OI: 4,565

Vol/OI: 4.7x

IV: 83.2%

Notional: ~$0.19M

Intent: Expiration hedging / cheap downside gamma play (very low price per contract)

Dual read: Lot of small buys for protection OR market-maker flow/adjustments

Read-through: Low-dollar notional despite high contract count; likely noise/expirational hedging rather than a large new directional bet.

INTC 2026-04-24 $53.00 Put (OTM)

Vol: 4,569

OI: 334

Vol/OI: 13.7x

IV: 89.5%

Notional: ~$0.52M

Intent: Longer-dated put accumulation as insurance (post-earnings exposure) or buying cheap high-IV protection

Dual read: Protective puts (bearish hedge) OR volatility play ahead of earnings

Read-through: Moderate-sized protection for downside; consistent with selective hedging in face of heavy call accumulation.

Institutional Positioning

Call additions: $40.00, $52.50, $60.00, $65.00 (notable premium concentration at $40: $163.24M net call; $52.50: $79.88M; large OI at $55/$60/$65).

Put additions: $60.00 short-dated puts (4/10, 4/17) and selective $53.00/$57.50 longer-dated puts as protective insurance; put premium is much smaller vs call premium.

GEX/DEX consistency: Yes — large positive GEX (+$168.7M) and positive DEX (+203.4M shares) align with bullish flow and pinning behavior around near-term strikes (notably $60).

OI clusters: Large call OI clusters at $55.00 (58,078), $60.00 (44,375), $50.00 (38,437), $65.00 (25,261). These create a call-side concentration that can act as short-term price magnet/resistance dynamics around $60-$65.

Hedging evidence: Clear evidence of protective hedging: heavy short-dated $60 puts and modest accumulation at $53/$57.50 puts. However, scale of put hedges is small relative to call-driven net premium and GEX.

Max pain context: Max pain set at $50 for the next few expirations but spot is $61.72 and MP is below spot; MP trend is falling. With current positive GEX and concentrated call premium, dealers likely pin nearer-term action closer to $60 rather than immediately driving toward MP.

Signal vs Noise

~INTC 2026-04-10 $60 Put (vol 31,625 vs OI 678) — likely short-dated expiration hedging or gamma trades; high vol/OI but small notional vs multi-month call flow.

~$58 4/10 puts (high vol but last $0.09) — low-dollar expansion consistent with expiry hedging, not material directional exposure.

~Large ITM $52.50 calls could be part of structured trades (covered calls, conversions) rather than pure directional bets; treat lone ITM call prints with caution without matching ask-side evidence.

~Some heavy premium at $40 calls is likely legacy/long-dated structured positions (very large notional) rather than immediate directional pressure inside the 1–2 week horizon.

Key Conclusions

🐂Call-dominant session — net premium +$376.9M and large long-dated ITM call flow ($52.50 June) indicate institutional bullish positioning.

📌Dealers are net long gamma (GEX +$168.7M) and likely to pin around $60 in the near term — watch dealer hedging into small sell/buy imbalances.

⚠️Short-dated concentrated $60 put prints (4/10 and 4/17) create temporary downside hedging and gamma activity; these are meaningful intraday but small vs long-dated call notional.

🔎Key intraday levels to trade around: near-term support at $60.00 and $57.50 (GEX concentration), resistance at $62.50 and $65.00 (call OI/premium).

🧾Max pain is lower ($50) but is distant from spot; current flow and positive GEX make an immediate drift to MP unlikely without a sizable put accumulation.

How to Use These Reports

This flow reflects the market close on April 9, 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.

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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.