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INTC

Intel CorporationClose $68.50EOD only

Max Pain

$56.00

Next expiry Apr 24, 2026

Expected Move

±$7.65

11.2% from close

Price Gap

-12.50

Distance to max pain

IV Rank

100

High premium

P/C OI

1.00

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 17, 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

Apr 17, 2026 close

INTC Flow Report

Analysis based on market close April 10, 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 10, 2026. A newer flow report is available for April 17, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 24.8% from MP

Watch next session: Large call flow or OI buildup at $65.00–$70.00 (would strengthen bullish pin); Follow-on activity in $62.50–$60.00 puts (would indicate protective hedging becoming directional)

Flow Summary

Net premium: +$74.0M bullish

P/C volume ratio: 1.44 — heavier put volume vs call volume today, but premium-weighted flow favors calls

P/C OI ratio: 0.94 — neutral OI split with slight call edge in longer-dated positioning

Premium-weighted flow is decisively call-biased (net +$74.0M) despite a higher put/call volume ratio (1.44). Dealers are sitting with positive GEX (+$137.4M) and concentrated gamma at $60/$65 that acts as a pin magnet; flows look like institutional call accumulation and selective put hedges rather than broad panic buying of protection.

Notable Prints

INTC 2026-04-17 $62.50 Put (ITM)

Vol: 5,543

OI: 148

Vol/OI: 37.5x

IV: 62.0%

Notional: ~$1.25M

Intent: Protective/short-dated hedge or tactical directional put buy into near-term risk

Dual read: Could be a buyer of protection (bearish/hedge) or a seller initiating a structured position (collar/roll) covered by long calls

Read-through: Concentrated, high vol/OI ratio on an ITM, near-expiry put signals urgent one-off hedging or spec short-dated bearish exposure; size (~$1.25M) is meaningful versus single-trade retail but still modest vs aggregate OI — watch for follow-up in adjacent strikes/expiries.

INTC 2026-04-24 $60.00 Put

Vol: 7,037

OI: 765

Vol/OI: 9.2x

IV: 86.0%

Notional: ~$2.16M

Intent: Near-term downside protection or speculative put buying

Dual read: Bought puts (directional/hedge) or sold in a wider structure; however IV lift (86.0%) and concentration point to buys

Read-through: Meaningful buy interest at $60.00 across the next-expiration window reinforces dealer support behavior at that strike (GEX +$13.6M at $60.00). If price tests $60.00, dealer gamma should create pinning/bid support.

INTC 2026-12-18 $43.00 Put

Vol: 19,570

OI: 4,750

Vol/OI: 4.1x

IV: 63.0%

Notional: ~$7.10M

Intent: Long-dated tail protection (institutional tail hedge) or directional long-dated put accumulation

Dual read: Buyer of long-term downside insurance (bearish/portfolio hedge) or part of a larger structured hedge (e.g., buyer of downside for funded collar)

Read-through: Large notional and heavy volume in long-dated $43 puts signals institutional tail hedging or volatility targeting; contributes to overall put OI clusters on the downside and indicates risk managers buying crash protection.

INTC 2026-04-24 $40.00 Put

Vol: 11,300

OI: 2,647

Vol/OI: 4.3x

IV: 112.9%

Notional: ~$0.10M

Intent: Speculative deep-OTM put buying or spread leg in long-dated structures

Dual read: Cheap tail-buying (directional hedge/spec) or leg of a larger spread where quoted last is small due to wide markets

Read-through: Very high IV on a far OTM put with moderate notional — looks like vol-targeted tail hedging or structured trade component rather than primary near-term directional pressure.

Institutional Positioning

Call additions: $50.00, $55.00, $60.00, $65.00 and deep-dated $70.00–$80.00 calls (premium-weighted call accumulation at $50/$65 per Top Premium Flow and high OI at $70.00).

Put additions: Targeted put buys concentrated at near-term $62.50 (Apr17), $60.00 (Apr24) and long-dated downside protection at $43.00 (Dec). Several large flows show selective hedging rather than broad put accumulation.

GEX/DEX consistency: Yes — positive Total GEX $137.4M and dealer pinning at $60/$65 align with call-heavy premium flows; dealers will likely provide bid/support into $60.00–$65.00.

OI clusters: Large call OI clusters at $70.00 (71,350 and additional 50,650 entries aggregated), $55.00 (54,757), $60.00 (53,661) and $50.00 calls (59,293/41,548 aggregated). Put clusters are concentrated lower: $35.00 (37,677) and $40.00 (25,883), with notable put OI at $50.00 (22,571).

Hedging evidence: Clear evidence of protective hedging: near-term ITM $62.50 and $60.00 put buying and large long-dated $43.00 puts indicate institutional tail hedges and one-off protective buys; limited evidence of widespread collar activity in the near term.

Max pain context: Max pain is at $50.00 for the nearest expirations while spot is above MP (spot $62.38). MP trend is downward, but near-term dealer gamma concentrations at $60/$65 create a stronger short-term pin than the MP level would suggest.

Signal vs Noise

~High vol/OI ratio on INTC 2026-04-17 $62.50 put: likely a tactical hedge or expiry-specific trade (short-dated) rather than a conviction directional portfolio shift.

~Large long-dated put prints (e.g., $43.00 Dec) often reflect tail hedging or structured risk transfer; not immediate directional signals for next session price action.

~Far-OTM put volume (e.g., $40.00 Apr24) with small notional is likely vol-targeted tail buys or spread components, not primary bearish flow.

~Some high call premium at $50.00 and $65.00 could reflect covered-call/roll activity or dealer inventory adjustments versus pure directional buying.

Key Conclusions

📌Net premium is strongly call-biased (+$74.0M) even though put volume was higher (P/C vol 1.44) — premium, not volume, is driving the directional read.

🛡️Institutions are layering protection: near-term ITM/OTM puts at $62.50 and $60.00 plus long-dated $43 puts indicate selective hedging/portfolio insurance.

🧲Dealer gamma is pinning between $60.00 and $65.00 (GEX concentration +$13.6M at $60 and +$13.7M at $65) — expect price to gravitate/hold in that band absent a large directional catalyst.

⚖️Support/Resistance to watch: Support at $60.00 and $62.50 (dealer-buying/pin); Resistance at $65.00 and the 7d EM upper bound $66.69 — moves beyond those change dealer gamma dynamics.

👀Watch for follow-through: more call premium at $65–$70 or repeated put buys at $62.50/$60 would meaningfully tilt the bias; absence of follow-up keeps the read neutral-to-bullish.

How to Use These Reports

This flow reflects the market close on April 10, 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.